Calculate the current ratio and quick ratio for the latest two years, obtain the industry average ratio from the resource of your choice, and analyze the results.

1) Discuss what each of these ratios tells you about the companys current financial condition, and how they compare to the industry averages.

2) Identify the major causes of any changes in these ratios and discuss your assessment of the company based on these changes.

3) Review the balance sheet and the notes to the most recent financial statements, and identify any contingent liabilities.

4) Discuss whether or not you agree with how the company chose to treat each contingency on the financial statements (i.e., recorded vs. disclosed, but not recorded).

5) Discuss the effect on the financial statements of the companys treatment of the contingency.

6) Discuss whether the contingent liabilities change your assessment of the company.

The company I chose Target Corporation.