Regardless of your answer to the four-company liabilities/equity question, explain why Target's ratio is so different from the other three companies.

Following are selected income statement and balance sheet data [US\$ millions] for companies in different industries. Which company has financed itself with the highest percentage of liabilities to equity? Harley Davidson: Sales =5,342 GrossProfit =2,040 Netincome =960 Assets =5,255 Liabilities-2,171 Equity =3,084 Nike: Sales=13,740 GrossProfit=6,116 Netincome=1,212 Assets=8,794 Liabilities-3,149 Equity =5,645 Starbucks: Sales =6,369 GrossProfit=3,764 Netincome=1,494 Assets=3,514 Liabilities =1,423 Equity =2,091 Target Sales =51,271 GrossProfit =16,344 Netincome =2,408 Assets =34,995 Liabilities =20,790 Equity =14,205 Nike, Inc. Harley-Davidson Starbucks Corp. Target Corp