Using the vertical analysis of the balance sheets, identify the significant trends.

Vertical Analysis - Balance Sheets Target Corporation INSTRUCTIONS: Change XX to the year of the report you are analyzing. You may have to insert additional rows based on the actual Target Consolidated staterment. FY 2019 FY 2018 ASSETS Cash and cash equivalents 4% $ 232 $ 2.643 1,556 9,497 7% 21% Inventory Assets of discontinued operations Other current assets 8,597 4% $ 30% $ 0% 15% $ 71 $ 14 $ 6% $ 3% 1466 12,519 1,300 12,540 Total current assets 31% Property and equipment Land 15% 6,064 29,240 5,912 2,544 6,095 28,131 Buildings and equipment Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation 70% 5.623 14% 2.645 7% 460 440 -45% $ 62% $ 5% $ -46% 61% 5% 37 100% (18,398) Property and equipment, net Noncurrent assets of discontinued operations Other noncurrent assets Total assets 18,687) 25,533 1,965 1,273 41,290 24,536 1,884 1343 100% $ 40,303 LIABILITIES Accounts payable Accrued and other current liabilities Current portion of long-term debt and other borrowings Liabilities of discontinued operations 0% 24% $ 10% $ 3% $ 0% 22% 9,761 4,201 1,052 8,677 4,094 10% 281 0% 32% 36% $ 25% $ 2 $ Total current liabilities 15,014 13,052 Long-term debt and other borrowings Deferred income taxes 10,223 972 11.117 28% 693 2,004 1,780 14,979 Noncurrent liabilities of discontinued operations 1,924 1,866 15,600 5% 5% 39% Other noncurrent liabilities 36% $ 73% $ Total noncurrent liabilities Total liabilities 29,993 28,652 71% SHAREHOLDERS' INVESTMENT 0% 0 $ 15% $ 15% $ 0% Common stock 43 45 0% Additional paid-in capital Retained earnings Accumulated other comprehensive loss Pension and other benefit liabilities Currency translation adjustment and cash flow hedges 6,042 6,017 (805) 5,858 6,495 (747) 15% 16% -2% 0% 0% $ 0% 27% $ 100% $ 29% 100% Total shareholders' investment 11,297 11,651 Total liabilities and shareholders' investment 41,290 40,303 sel tel