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

Question:

Required
Use the Target Corporation’s annual report in Appendix B to answer the following questions.
a. What was Target’s current ratio for its fiscal-year ended February 1, 2014 (2013) and 2012?
b. Did the current ratio get stronger or weaker from 2012 to 2013? Explain briefly why this happened.
c. Target’s reports “Accrued and other current liabilities.” What is 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...