Financial Ratios Profitability Return on sales Return on equity Liquidity Current Ratio quick ratio Activity Inventory turnover Leverage Debt:Equity Debt:Total Assets B D Target Corporation 2013 Target Canada Nine months ended 2014 G There is an error in the balance sheet for Target Canada- here is a corrected liabilities & shareholders' investment section: H Liabilities and shareholders' investment Accounts payable 421,874 Intercompany payable to Target Brands 15,249 Intercompany payable to Property LLC 109,202 Total Accounts Payable 546,325 Accrued and other current liabilities 128,748 Current portion of long-term debt and other borrowings 688,676 Total current liabilities 1,363,749 Long-term debt and other borrowings 1,335,641 Intercompany long-term debt 3,068,728 Other non current liabilities 25,130 Total non current liabilities Shareholders' investment Additional paid-in-capital Retained earnings Total shareholders' investment 4,429,499 2,526,688 (2,911,444) (384,756) Total liabilities and shareholders' investment 5,406,492 Target Canada Income Statement Projection for 12 months ended February 1, 2015 CAD in thousands Revenues Sales Net Sales Cost of sales Gross Profit $ 1,930,697 $ 1,930,697 $ 1,576,811 $ 353,886 Operating expenses Selling, general and administrative expenses $ 1,207,691 Depreciation and amortization $ 200,299 Total operating expenses $ 1,407,990 Losses before interest expense and income taxes $ (1,054,104) Net interest expense $ 201,565 Losses before income taxes $ (1,255,669) Provision for income taxes $ (322,637) Net loss $ (933,032)