Question

[The following information applies to the questions displayed below.) Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material is also available under the Investor Relations link at the company's website (www.target.com). Target Case (Static) Parts 1 to 4 Required: 1. By what name does Target label its balance sheet? 2. What amounts did Target report for the following items on February 3, 2018? 3. What was Target's largest current asset? What was its largest current liability? 4. Compute Target's current ratio and debt to equity ratio in 2018? (Round your answers to 2 decimal places. Enter your answers in millions, not in dollars (.e., 10,00,000 should be entered as 10).) 1. Target's label name for its balance sheet. 2. a. Current assets b. Long-term assets C. Total assets d. Current liabilities e. Long-term liabilities f. Total liabilities 9 Total shareholders' equity 3. a. Largest current asset b. Largest current liability 4.la Current ratio b Debt to equity ratio Prev 1 2 of 2 Next >

Answer 1

hi , the question is not complete . please provide full information so i could help you better. and for the part 5

answer is :-current ratio is current assets/current liablities in the case if target has liqidity greater than  1 it is considered as good liquidity as they can pay there short debts with there current asstes very easily.

if it is less than when +then they have bad liquidity.

for industry average for debt to equity is 2.5 which means if the industry has a equity of X then they have debt of 2.5X  

+so if target has debt to equity greater than 2.5 it is bad solvency and vice versa