This problem, based on the balance sheet of Target Corporation in Appendix A. will famil- iarize you with some of the assets and liabilities of that company. Use the Target balance sheet to answer the following questions. Required 1. Which balance sheet format does Target Corporation use? 2. Name the company's largest current asset and largest current liability at January 29, 2000. 3. Compute Target's current ratios and debt ratios at January 30, 1999, and at January 29, 2000. Target treats Convertible Preferred Stock as a liability. Did the ratio values improve. worsen, or hold steady during the fiscal year ended January 29, 2000? Refer to the income statement to explain your evaluation of the ratio values. 4. Under what categury does Target report land. buildings, fixtures, and equipment? 5. What was the cost of the company's plant assets at January 29, 2000? What was the amount of accumulated depreciation? What was the book value of the plant assets?