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Use Targets 2017 annual report filed with the SEC in 2018 for the following calculations. For the most recent year presented, what was Targets quick

Use Targets 2017 annual report filed with the SEC in 2018 for the following calculations. For the most recent year presented, what was Targets quick ratio?

Do NOT round intermediate calculations. Only round final answers. Round your final answer to 2 decimal places (for example: 0.90).

Target Corporation Consolidated Statements of Financial Position

Assets

February 2, 2019

February 3, 2018 as adj.

Cash and cash equivalents

$

1,556

$

2,643

Inventory

9,497

8,597

Other current assets

1,466

1,300

Total current assets

12,519

12,540

Property and equipment

Land

6,064

6,095

Buildings and improvements

29,240

28,131

Fixtures and equipment

5,912

5,623

Computer hardware and software

2,544

2,645

Construction-in-progress

460

440

Accumulated depreciation

(18,687)

(18,398)

Property and equipment, net

25,533

24,536

Operating lease assets

1,965

1,884

Other noncurrent assets

1,273

1,343

Total assets

$

41,290

$

40,303

Liabilities and shareholders' investment

Accounts payable

$

9,761

$

8,677

Accrued and other current liabilities

4,201

4,094

Current portion of long-term debt and other borrowings

1,052

281

Total current liabilities

15,014

13,052

Long-term debt and other borrowings

10,223

11,117

Noncurrent operating lease liabilities

2,004

1,924

Deferred income taxes

972

693

Other noncurrent liabilities

1,780

1,866

Total noncurrent liabilities

14,979

15,600

Shareholders' investment

Common stock

43

45

Additional paid-in capital

6,042

5,858

Retained earnings

6,017

6,495

Accumulated other comprehensive loss

(805)

(747)

Total shareholders' investment

11,297

11,651

Total liabilities and shareholders' investment

$

41,290

$

40,303

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