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Forecast Target s balance sheets for the fiscal years ended February 2 0 2 0 and 2 0 2 1 . Combine the forecasted property

Forecast Targets balance sheets for the fiscal years ended February 2020 and 2021. Combine the forecasted property and equipment accounts into one account, titled Property and equipment, net. Use the following assumptions and data.
Assumptions ($ millions)
Inventory as % Total revenue 12.6%
Other current assets as % Total revenue 1.9%
Operating lease assets as % Total revenue 2.6%
Other noncurrent assets as % Total revenue 1.7%
Accounts payable as % Total revenue 13.0%
Accrued and other current liabilities as % Total revenue 5.6%
Noncurrent operating lease liabilities No change
Deferred income taxes as % Total revenue 1.3%
Other noncurrent liabilities as % Total revenue 2.4%
Common stock No change
Additional paid-in capital No change
Accumulated other comprehensive loss No change
CAPEX/Current period total revenue 4.70%
Dividends for year ended February 2019 $1,335
Dividend payout 45.5%
Stock buybacks per year $0
Long term debt, current portion at February 2019 $1,052
Long term debt, current portion at February 2020 $1,002
Long-term debt, current portion at February 2021 $1,094
Instructions:
Round answers to the nearest whole number.
Use a negative sign with your Accumulated other comprehensive loss answers.
Target Corporation
Consolidated Statements of Financial Position
For Fiscal Years Ended ($ millions) Feb. 2020 Feb. 2021
Assets
Cash and cash equivalents Answer
0
Answer
0
Inventory Answer
9,837
Answer
10,191
Other current assets Answer
1,483
Answer
1,537
Total current assets Answer
0
Answer
0
Property and equipment Answer
24,998
Answer
0
Operating lease assets Answer
2,030
Answer
2,103
Other noncurrent assets Answer
1,327
Answer
1,375
Total assets Answer
0
Answer
0
Liabilities and Shareholders' investment
Accounts payable Answer
0
Answer
0
Accrued and other current liabilities Answer
0
Answer
0
Current portion of long-term debt and other borrowings Answer
0
Answer
0
Total current liabilities Answer
0
Answer
0
Long-term debt and other borrowings Answer
0
Answer
0
Noncurrent operating lease liabilities Answer
0
Answer
0
Deferred income taxes Answer
0
Answer
0
Other noncurrent liabilities Answer
0
Answer
0
Total noncurrent liabilities Answer
0
Answer
0
Shareholders' investment
Common stock Answer
0
Answer
0
Additional paid-in-capital Answer
0
Answer
0
Retained earnings Answer
0
Answer
0
Accumulated other comprehensive loss Answer
0
Answer
0
Total shareholders' investment Answer
0
Answer
0
Total liabilities and shareholders' investment Answer
0
Answer
0

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