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Week 3 -Graded Homework. Common-Size Balance Sheets Following is the balance sheet for Target Corporation. Prepare Target's common-size balance sheets as of January 28, 2012
Week 3 -Graded Homework.
Common-Size Balance Sheets Following is the balance sheet for Target Corporation. Prepare Target's common-size balance sheets as of January 28, 2012 and January 29, 2011. (Round your answers to one decimal place.)
Assets | ||
Cash and cash equivalents | $1,874 | $2,712 |
Accounts receivable, net | 6,927 | 7,153 |
Inventory | 8,918 | 8,596 |
Other current assets | 2,810 | 2,752 |
Total current assets | 20,529 | 21,213 |
Property and equipment, net | 35,149 | 31,493 |
Other noncurrent assets | 1,132 | 1,999 |
Total assets | $56,810 | $54,705 |
Liabilities and shareholders' investment | ||
Accounts payable | $7,857 | $7,625 |
Accrued liabilities | 4,644 | 4,326 |
Current portion of long-term debt and notes payable | 4,786 | 1,119 |
Total current liabilities | 17,287 | 13,070 |
Long-term debt | 20,697 | 23,607 |
Deferred income taxes | 1,291 | 934 |
Other noncurrent liabilities | 1,714 | 1,607 |
Total shareholders' investment | 15,821 | 15,487 |
Total liabilities and shareholders' investment | $56,810 | $54,705 |
Cash and cash equivalents | Answer% | Answer% |
Accounts receivable, net | Answer% | Answer% |
Inventory | Answer% | Answer% |
Other current assets | Answer% | Answer% |
Total current assets | Answer% | Answer% |
Property and equipment, net | Answer% | Answer% |
Other noncurrent assets | Answer% | Answer% |
Total assets | Answer% | Answer% |
Accounts payable | Answer% | Answer% |
Accrued liabilities | Answer% | Answer% |
Current portion of long-term debt and notes payable | Answer% | Answer% |
Total current liabilities | Answer% | Answer% |
Long-term debt | Answer% | Answer% |
Deferred income taxes | Answer% | Answer% |
Other noncurrent liabilities | Answer% | Answer% |
Total shareholders' investment | Answer% | Answer% |
Total liabilities and shareholders' investment | Answer% | Answer % |
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