Question

Locate the financial statement that reveals to the reader Target's debt balances at fiscal year-end February 1, 2020. Questions: What is the name of that statement? What dollar amount does Target specifically report (i.e. label) as “long-term debt and other borrowings" for February 1, 2020? What total dollar amount does Target report as long-term debt for the fiscal year ending February 1, 2020? What percent of Target's total assets are financed with debt and what percent of Target's total assets are financed with equity? Show your calculations. (Hint: Assets are either financed with debt or they are financed with equity, so the sum of the two percentages you calculated to answer this question must equal 100%) Locate the note titled "15. Commercial Paper and Long-Term Debe”. Questions: Has Target issued any bonds? What one fact can you provide to defend your answer to the previous question regarding whether Target has ever issued any bonds? What dollar amount of total principal payments are due in 2022?

Answer 1

1) Consolidated Statements of Financial Position

2) $11338 million

3) $9992 million (Total notes and debentures in note 15 )

4) Total Assets = $42779 million

Total debt = Current + Non current liabilites = 14487 + 16459 = $30946 million

Total equity = $11833 million

% of assets financed with debt = 30946/42779 = 72.3%

% of assets financed with equity = 11833/42779 = 27.7%

5) yes.

6)In note 15 after principle repayment schedule, in Januray 2020, "WE ISSUED $750 Million" clearly states that the company has issued bonds.

7) In note 15, required principle repayments , for 2022 it is $63 million.