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Obtain the Target Corporation's annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com using the instructions in Appendix A, and
Obtain the Target Corporation's annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com using the instructions in Appendix A, and use it to answer the following questions. You will need to read carefully the company's Consolidated Statements of Financial Position (balance sheets) as well as notes 8, 14, and 16. Required a. What percentage of Target's assets was being financed with liabilities (versus shareholders' equity)? b. How does Target account for bank overdrafts, and how much overdrafts did it have as of February 2, 2019? c. What was the average interest rate that Target paid on its borrowings? d. Target reported Accrued and Other Liabilities of $4,201 as of February 2, 2019. What was the largest subcategory of liabilities included in this account? Obtain the Target Corporation's annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com using the instructions in Appendix A, and use it to answer the following questions. You will need to read carefully the company's Consolidated Statements of Financial Position (balance sheets) as well as notes 8, 14, and 16. Required a. What percentage of Target's assets was being financed with liabilities (versus shareholders' equity)? b. How does Target account for bank overdrafts, and how much overdrafts did it have as of February 2, 2019? c. What was the average interest rate that Target paid on its borrowings? d. Target reported Accrued and Other Liabilities of $4,201 as of February 2, 2019. What was the largest subcategory of liabilities included in this account
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