Analysis and Interpretation of Liquidity and Solvency Refer to the financial information for Target Corporation (TGT), presented below to answer the following. Target Corporation Balance Sheets ($ millions) Assets Cash and cash equivalents Accounts receivable, net Other current assets Inventory Total current assets Other noncurrent assets Property and equipment, net Total assets Liabilities and shareholders' investment Accounts payable Accrued liabilities Total current liabilities income taxes Current portion of long-term debt and notes payable. Defm debt Other noncurrent liabilities Total shareholders' investment January 28, January 29, 2012 2011 $1,794 $2,712 5,927 7.918 6.153 1.810] 7.596 752 12.449 18.213 28.149 24,493 1.032 999 $46.6301 $43.705 $6.857 3.644 $6,625 3.329 14.287 14.697 10.070 14.607 1,191 1,634 934 14.821 1,607 16.487 Total liabilities and shareholders' investment $46.630 $43,705 Target Corporation Income Statement Fiscal year Sales ($ millions) Net credit card revenues Total revenues Cost of sales g. general and administrative expenses card expenses Depreciation and amortization Earnings before interest expense and income taxes Net interest expense Earnings before income taxes Provision for income taxes Net earnings ended January 28, 2012 $69,466 1.399 70.865 47,860 14,106 446 2.131 6, 1822 a. Compute Target's current ratio and quick ratio for 2012 and 2011. (Round your answers to one decimal place.) 2012 Current Ratio 2011 Current Ratio