Required: 1. By what name does Target label its balance sheet? 2. What amounts did Target report for the following items on February 3, 2018? 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 2018? (Round your answers to 2 decimal places. Enter your answers in millions, not in dollars (.e., 10,00,000 should be entered as 10).) Target's label name for its balance sheet. Current assets Long-term assets Total assets Current liabilities Long-term liabilities Total liabilities Total shareholders' equity Largest current asset Largest current liability Current ratio Debt to equity ratio Consolidated Statements of Financial Position $ 12,540 27,763 X 40,303 X 13,052 15,600 28,652 11,651 x Inventory Accounts payable 0.96 2.46 % g. b. b. Consolidated Statements of Financial Position (millions, except footnotes) February 3, 2018 January 28, 2017 Assets Cash and cash equivalents $2,643 $2,512 Inventory Consolidated Statements of Financial Position 8,657 8,309 Other current assets 1,264 1,169 Total current assets 12,564 11,990 Property and equipment Land 6,095 6,106 Buildings and improvements 28,396 27,611 Fixtures and equipment 5,623 5,503 Computer hardware and software 2,645 2,651 Construction-in-progress 440 200 Accumulated depreciation (18,181) (17,413) Property and equipment, net 25.018 24,658 Other noncurrent assets 1,417 783 Total assets $38.999 $37,431 Liabilities and shareholders' investment Accounts payable $8,677 $7,252 Accrued and other current liabilities 4,254 3,737 Current portion of long-term debt and other borrowings 270 1.718 Total current liabilities 13,201 12,707 Long-term debt and other borrowings 11,317 11,031 Deferred income taxes 713 861 Other noncurrent liabilities 2,059 1,879 Total noncurrent liabilities 14,089 13,771 Shareholders' investment Common stock 46 Additional paid-in capital 5,858 5,661 Retained earnings 6,553 5,884 Accumulated other comprehensive loss (747) (638) Total shareholders' investment 11,709 10,953 Total liabilities and shareholders' investment $38,999 $37,431