Target Corporation prepares its financial statements according to U$.$S$.$ GAAP. Target's financial statements and disclosure notes for the year ended February $1,2020,$ are available here. This material is also available under the Investor Relations link at the company's website $($

www$.$target.com$).$

Long$-$term solvency refers to a company's ability to pay its long$-$term obligations. Financing ratios provide investors and creditors with an indication of this element of risk.

Required:

Calculate the debt to equity ratio for Target at February $1,2020.$ The average ratio for companies in the Discount Retailers industry sector in a comparable time period was $1\mathrm{.}95.$

Note: Round your answer to two decimal places.

Calculate Target's times interest earned ratio for the year ended February $1,2020.$ The coverage for companies in the Discount Retailers industry sector in a comparable time period was $6\mathrm{.}5.$

Note: Round you answer to one decimal place.

$\backslash$table$[[1.$ Debt to equity ratio,$],[2.$ Times interest earned ratio,I...................................$]]$

Consolidated Statements of Financial Position

$\backslash$table$[[($millions$,$ except footnotes$),,\backslash$table$[[$February $1,],[2020]],,\backslash$table$[[$February $2,],[2019]]],[$Assets$],[$Cash and cash equivalents,$$,2,577,$$$,1,556],[$Inventory$,,8,992,,9,497],[$Other current assets,,$1,333,,1,466],[$Total current assets,,$12,902,,12,519],[$Property and equipment$],[$Land$,,6,036,,6,064],[$Buildings and improvements,,$30,603,,29,240],[$Fixtures and equipment,,$6,083,,5,912],[$Computer hardware and software,,$2,692,,2,544],[$Construction$-$in$-$progress,,$533,,460],[$Accumulated depreciation,,$(19,664),,(18,687)$