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Required: 1. By what name does Target label its balance sheet? 2. What amounts did Target report for the following items on February 1,
Required: 1. By what name does Target label its balance sheet? 2. What amounts did Target report for the following items on February 1, 2020? Note: Enter your answers in millions, not in dollars (i.e., 10,000,000 should be entered as 10). 3. What was Target's largest current asset? What was its largest current liability? 4. Compute Target's current ratio and debt to equity ratio in 2020? Note: Round your answers to 2 decimal places. 1. Target's name for its balance sheet. 2a. Current assets 2b. Long-term assets 2c. Total assets 2d. Current liabilities 2e. Long-term liabilities 2f. Total liabilities 2g. Total shareholders' equity 3a. Largest current asset 3b. Largest current liability 4a. Current ratio 4b. Debt to equity ratio Statement of Financial Position million million $ 42,779 million million million million million Inventory Accounts payable
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