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Required Information

Target Case $($Static$)[$LO$3-2,3-3,3-8]$

$[$The following Information applies to the questions displayed below.$]$

Target Corporation prepares Its financlal statements according to U$.$S$.$ GAAP. Target's financlal statements and disclosure notes for the year ended February $1,2020,$ are avallable here. This material Is also avallable under the Investor Relations IInk at the company's website $($

www$.$target.com$).$

Target Case $($Static$)$ Parts $1$ to $4$

Required:

By what name does Target label its balance sheet?

What amounts did Target report for the following Items on February $1,2020?$

Note: Enter your answers In milllons, not In dollars $($l$.$e$.,10,000,000$ should be entered as $10).$

What was Target's largest current asset? What was its largest current llabillty?

Compute Target's current ratio and debt to equity ratio in $2020?$

Note: Round your answers to $2$ decimal places.

$\backslash$table$[[1.$ Target's name for its balance sheet.,Statement of Financial Position$],[2$a$.$ Current assets,$$,12,902,$million$],[2$b$.$ Long$-$term assets,S$,29,877,$million$],[2$c$.$ Total assets,S$,42,779,$million$],[2$d$.$ Current liabilities,S$,14,487,$million$],[2$e$.$ Long$-$term liabilities,S$,16,459,$million$],[2$f$.$ Total liabilities,S$,30,946,$million$],[2$g$.$ Total shareholders' equity,S$,11,833,$million$],[3$a$.$ Largest current asset,Inventory$],[3$b$.$ Largest current liability,Accounts payable$],[4$a$.$ Current ratio$],[4$b$.$ Debt to equity ratio,,,$]]$