Use the Target Corporations annual report in Appendix B to answer the following questions: Required a. What

Question:

Use the Target Corporation’s annual report in Appendix B to answer the following questions:

Required
a. What was the average interest rate on Target’s long-term debt in the fiscal-year ended January 29, 2011 (2010)?
b. Target has a “unsecured revolving credit facility,” (i.e., a line of credit). What is the total amount of credit available under this facility? How much of this total amount available had Target used as of January 29, 2011?
c. Target’s shows a line titled “Other noncurrent liabilities.” What are the types of debt included in this category?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...