Refer to the following:

• Target Corporation in Appendix B,
• Walmart Incorporated in Appendix C, and the
• Industry Ratio Report in Appendix D.

Required:

1. Compute the current ratio for both companies.
2. Compared to each other, are these two companies more or less able to satisfy short-term obligations with current assets?
3. How does each company compare to the industry regarding the current ratio?
4. How is the current ratio influenced by these companies choice to lease space instead of buying facilities?
5. Which companys current ratio increased from the year ended in 2020 to the year ended in 2021?