Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Target Corporation reported the following amounts (in millions) in a recent Form 10-K. Total assets $80,195 Total liabilities 50,980 Total noncurrent liabilities 27,981 Total stockholders'
Target Corporation reported the following amounts (in millions) in a recent Form 10-K.
Total assets | $80,195 | |||||
Total liabilities | 50,980 | |||||
Total noncurrent liabilities | 27,981 | |||||
Total stockholders' equity | 29,216 | |||||
Net earnings | 3,548 | |||||
Interest expense | 2,027 | |||||
Net earnings before taxes and interest | 7,612 |
Compute the following ratios.
Ratio | Numerator | Denominator | Result | |||
---|---|---|---|---|---|---|
a. Total liabilities-to-equity | Answer | Answer | = | |||
b. Total liabilities-to-total assets | Answer | Answer | = | |||
c. Times interest earned | Answer | Answer | = |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started