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Please help to correct the wrong ones. QUESTION 2 Answer saved Marked out of 1.00 Flag question Common-Size Balance Sheets Following is the balance sheet
Please help to correct the wrong ones.
QUESTION 2 Answer saved Marked out of 1.00 Flag question Common-Size Balance Sheets Following is the balance sheet for Target Corporation. Prepare Target's common-size balance sheets as of January 31, 2015 and February 1, 2014 (Round your answers to one decimal place.) January 31, February 1 (S millions) 2015 2014 Assets $2,210 $670 Cash and cash equivalents 8,790 8,278 Inventory 3,087 2,625 Other current assets 14,087 Total current assets 11,573 25,958 26,412 Property and equipment, net 1,359 6,568 Other noncurrent assets 41,404 $44,553 Total assets Liabilities and shareholders' investment $7,335 ounts payable $7,759 Accrued and other current liabilities 3,886 4,299 1,143 91 Current portion of long-term debt and notes payable Total current liabilities 11,736 12,777 12,705 11,429 Long-term debt Deferred income taxes 1,321 1,349 1,645 Other noncurrent liabilities 2,767 13,997 16,231 Total shareholders' investment 41,404$44,553 Total liabilities and shareholders investment TARGET CORPORATION Common-Size Balance Sheets 2015 2014 5.3 1.5 % Cash and cash equivalents % 18.6 % 21.2 % Inventony 7.5 % % 5.9 Other current assets 26 % Total current assets 34 % 62.7 59.3 Property and equipment, net % % 3.3 14.7 % % Other noncurrent assets 100 % 100 % Total assets 18.7 16.5 % % Accounts payable 9.7 % Accrued and other current liabilities 9.4 % 0.2 2.6 % % Current portion of long-term debt and notes payable 28.4 % 28.7 Total current liabilities % 30.7 25.7 Long-term debt % % 3.2 Deferred income taxes % 6.2 % Other noncurrent liabilities 33.8 % 36.4 % Total shareholders investment 100 % 100 % Total liabilities and shareholders investmentStep by Step Solution
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