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Analyze Target for three years of grocery items. Target recently reported the following end-of-year balance sheet data (in millions): a. Compute the ratio of liabilities
Analyze Target for three years of grocery items. Target recently reported the following end-of-year balance sheet data (in millions): a. Compute the ratio of liabilities to stockholders' equity for all three years. Round to two decimal places. b. Which of the following statements is true? 1. A high ratio of liabilities to stockholders equity is favorable to the creditors. 2. A low ratio of liabilities to stockholders equity is favorable to the creditors. 3. A high ratio of liabilities to stockholders equity is favorable to the stockholders. 4. A low ratio of liabilities to stockholders equity is favorable to the stockholders
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