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 1.95. 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 6.5. Note: Round you answer to one decimal place. 1. Debt to equity ratio 2. Times interest earned ratio 14.4 times