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Determine Targets cash ratio as of February 2, 2019, and February 3, 2018. How do Targets cash ratios compare with Kohls Corporation as illustrated in
Determine Targets cash ratio as of February 2, 2019, and February 3, 2018. How do Targets cash ratios compare with Kohls Corporation as illustrated in the chapter? Explain.
Consolidated Statements of Financial Position (millions, except footnotes) Assets Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Operating lease assets Other noncurrent assets Total assets Liabilities and shareholders' investment Accounts payable Accrued and other current liabilities Current portion of long-term debt and other borrowings Total current liabilities Long-term debt and other borrowings Noncurrent operating lease liabilities Deferred income taxes Other noncurrent liabilities Total noncurrent liabilities Shareholders' investment Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss (805) Total shareholders' investment 11,297 11,651 Total liabilities and shareholders' investment $ 41,290 $ 40,303 Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 517,761,600 shares issued and outstanding at February 2, 2019; 541,681,670 shares issued and outstanding at February 3, 2018. Preferred Stock Authorized 5,000,000 shares, $0.01 par value; no shares were issued or outstanding at February 2, 2019 or February 3, 2018. See accompanying Notes to Consolidated Financial Statements. Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions. $ $ February 2, 2019 1,556 $ 9,497 1,466 12,519 6,064 29,240 5,912 2,544 460 (18,687) 25,533 1,965 1,273 41,290 $ 9,761 $ 4,201 1,052 15,014 10,223 2,004 972 1,780 14,979 43 6,042 6,017 February 3, 2018 As Adjusted (a) 2,643 8,597 1,300 12,540 6,095 28,131 5,623 2,645 440 (18,398) 24,536 1,884 1,343 40,303 8,677 4,094 281 13,052 11,117 1,924 693 1,866 15,600 45 5,858 6,495 (747)Step by Step Solution
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