Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Complete the following calculations for Target balance sheet current / previous year. (millions, except footnotes) February 1, 2020 February 2, 2019 Assets Cash and cash

Complete the following calculations for Target balance sheet current / previous year.

(millions, except footnotes) February 1, 2020 February 2, 2019
Assets
Cash and cash equivalents $ 2,577 $ 1,556
Inventory 8,992 9,497
Other current assets 1,333 1,466
Total current assets 12,902 12,519
Property and equipment
Land 6,036 6,064
Buildings and improvements 30,603 29,240
Fixtures and equipment 6,083 5,912
Computer hardware and software 2,692 2,544
Construction-in-progress 533 460
Accumulated depreciation (19,664) (18,687)
Property and equipment, net 26,283 25,533
Operating lease assets 2,236 1,965
Other noncurrent assets 1,358 1,273
Total assets $ 42,779 $ 41,290
Liabilities and shareholders' investment
Accounts payable $ 9,920 $ 9,761
Accrued and other current liabilities 4,406 4,201
Current portion of long-term debt and other borrowings 161 1,052

Total current liabilities

14,487 15,014
Long-term debt and other borrowings 11,338 10,223
Noncurrent operating lease liabilities 2,275 2,004
Deferred income taxes 1,122 972
Other noncurrent liabilities 1,724 1,780
Total noncurrent liabilities 16,459 14,979
Shareholders' investment
Common stock 42 43
Additional paid-in capital 6,226 6,042
Retained earnings 6,433 6,017
Accumulated other comprehensive loss (868) (805)
Total shareholders' investment 11,833 11,297
Total liabilities and shareholders' investment $ 42,779 $ 41,290

Calculations in Millions
Liquitity Measures Current Year Previous Year
Working Capital
Current Ratio
Quick Ratio
Accounts Recievable Turnover
Number of Days Sales in Receivables
Inventory Turnover
Number of Days Sales in Inventory
Solvency Measures
Ratio of Fixed Assets Long Term Liabilities
Ratio of Liabilities to Stockholders Equity
Profitability Measures
Asset Turnover
Return on Total Assets
Return on Stockholders' Equity
Return on Common Stockholders' Equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Telecom Audit

Authors: M S. Mastel

1st Edition

0071410546, 9780071410540

More Books

Students also viewed these Accounting questions

Question

What are the current HRM challenges in the textile industry?

Answered: 1 week ago