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Following is the balance sheet for Target Corporation. ($ millions) January 31, 2015 February 1, 2014 Assets Cash and cash equivalents $2,210 $670 Inventory 8,790

Following is the balance sheet for Target Corporation.


($ millions)
January 31,
2015
February 1,
2014
Assets
Cash and cash equivalents$2,210$670
Inventory8,7908,278
Other current assets3,0872,625
Total current assets14,08711,573
Property and equipment, net25,95826,412
Other noncurrent assets1,3596,568
Total assets$41,404$44,553
Liabilities and shareholders’ investment
Accounts payable$7,759$7,335
Accrued and other current liabilities3,8864,299
Current portion of long-term debt and notes payable911,143
Total current liabilities11,73612,777
Long-term debt12,70511,429
Deferred income taxes1,3211,349
Other noncurrent liabilities1,6452,767
Total shareholders’ investment13,99716,231
Total liabilities and shareholders’ investment$41,404$44,553


Prepare Target’s common-size balance sheets as of January 31, 2015 and February 1, 2014.

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CommonSize Balance Sheet as of January 31 2015 Assets Cash and cash equivalents 2210 41404 100 0533765 100 533 Inventory 8790 41404 100 0212298 100 2123 Other current assets 3087 41404 100 0074558 100 ... blur-text-image

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