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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 |
Inventory | 8,790 | 8,278 |
Other current assets | 3,087 | 2,625 |
Total current assets | 14,087 | 11,573 |
Property and equipment, net | 25,958 | 26,412 |
Other noncurrent assets | 1,359 | 6,568 |
Total assets | $41,404 | $44,553 |
Liabilities and shareholders’ investment | ||
Accounts payable | $7,759 | $7,335 |
Accrued and other current liabilities | 3,886 | 4,299 |
Current portion of long-term debt and notes payable | 91 | 1,143 |
Total current liabilities | 11,736 | 12,777 |
Long-term debt | 12,705 | 11,429 |
Deferred income taxes | 1,321 | 1,349 |
Other noncurrent liabilities | 1,645 | 2,767 |
Total shareholders’ investment | 13,997 | 16,231 |
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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Step: 1
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 ...Get Instant Access to Expert-Tailored Solutions
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Step: 3
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