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Required information [The following information applies to the questions displayed below.] Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements
Required information [The following information applies to the questions displayed below.] Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 3, 2018, are available here This material is also available under the Investor Relations link at the company's website (www.target.com). 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 (i.e., 10,00,000 should be entered as 10).) 1. Target's label name for its balance sheet 2 a Current assets b. Long-term assets c Total assets d. Current liabilities e Long-term liabilities O Total liabilities Total shareholders' equity 3 a Largest current asset b Largest current liability 4 a Current rabo: b Debt to equity ratio
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