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The following information presents partial financial information of Target and other competitors: Target Corp., current ratio calculation, comparison to benchmarks Feb 1, 2020 Feb 2,
The following information presents partial financial information of Target and other competitors: Target Corp., current ratio calculation, comparison to benchmarks Feb 1, 2020 Feb 2, 2019 Selected Financial Data (US$ in millions) Current assets 12,902 12,519 Current liabilities 14,487 15,014 Liquidity Ratio La Current ratio 0.89 0.83 Benchmarks Current Ratio, Competitors 1.10 1.13 1.01 Amazon.com Inc Costco Wholesale Corp. Dollar General Corp Home Depot Inc 1.14 1.55 1.08 1.11 Lowe's Cos. Inc 101 0.98 TJX COs Inc 1.24 153 Walmartinc 0.79 080 Which of the following statement is correct? Target is more liquid in 2019. Target performs better than most other selected competitors in term of liquidity. Target is less solvent than other competitors presented in the chart Target is underperforming compared to most of other selected competitors shown in the data
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