Question

Common-Size Balance Sheets Following is the balance sheet for Target Corporation. Prepare Target's common-size balance sheets as of January 31, 2015 and February 1, 2014 (Round your answers to one decimal place.) January 31, February 1, (5 millions) 2015 2014 Assets Cash and cash equivalents 52.210 5670 Inventory 8.790 Other current assets 2.625 Total current assets 14,087 11,573 Property and equipment, net 25,958 26,412 Other noncurrent assets 1,359 6,568 Total assets $41,404 $44,553 Liabilities and shareholders' investment Accounts payable 57,759 Accrued and other current abilities 3,886 4.299 1.143 current portion of long-term debt and notes payable Total current liabilities 11,736 12,777 Long-term debt 12,705 11,429 Deferred income taxes 1,321 1,349 Other noncurrent liabilities 1,645 2,767 Total shareholders' investment 13,997 16,231 Total liabilities and shareholders' investment $41,404 $44,553 $7 335

Answer 1

Common - Size comparative Balance sheet
		2015		2014
	(i)	(i) / $41404	(ii)	(ii) / $44553
Cash and cash equivalents	$                2,210	5.3%	$             670	1.5%
Inventory	$                8,790	21.2%	$         8,278	18.6%
Other current assets	$                3,087	7.5%	$         2,625	5.9%
Total Current assets	$             14,087	34.0%	$       11,573	26.0%
Property Plant and Equipment	$             25,958	62.7%	$       26,412	59.3%
Other noncurrent assets	$                1,359	3.3%	$         6,568	14.7%
Total assets	$             41,404	100.0%	$       44,553	100.0%
Accounts payables	$                7,759	18.7%	$         7,335	16.5%
Accrued and other current liabilities	$                3,886	9.4%	$         4,299	9.6%
Current portion of Long - term debts	$                      91	0.2%	$         1,143	2.6%
Total Current Liabilities	$             11,736	28.3%	$       12,777	28.7%
Long - term debts	$             12,705	30.7%	$       11,429	25.7%
Deferred income tax liability	$                1,321	3.2%	$         1,349	3.0%
Other non current liabilities	$                1,645	4.0%	$         2,767	6.2%
Total shareholder's Investment	$             13,997	33.8%	$       16,231	36.4%
Total Liabilities and Shareholder's Investment	$             41,404	100.0%	$       44,553	100.0%