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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 This

image text in transcribed 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 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 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. 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 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 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

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