Homework Answers
| a) | Current Ratio = Current Assets / Current Liabilities | |
| 2015 | ||
| = $14087/11736 | ||
| =1.2 times | ||
| 2014 | ||
| = $11573/12777 | ||
| =0.9 times | ||
| Quick Ratio = Quick Assets / Current Liabilities | ||
| 2015 | ||
| = $2210/11736 | ||
| =0.2 times | ||
| 2014 | ||
| = $670/12777 | ||
| =0.1 times | ||
| b) | Times Interest Earned Ratio = EBIT/ Interest expenses | |
| = $4535/882 | ||
| =5.1 times | ||
| Debt To Equity Ratio = Total Debt / Total Equity | ||
| 2015 | ||
| = $27407/13997 | ||
| =2.0 times | ||
| 2014 | ||
| = $28322/16231 | ||
| =1.7 times | ||
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2015 Analysis and Interpretation of Liquidity and Solvency Refer to the financial information for Target Corporation...
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