Details about a company’s liabilities appear in a number of places in the annual report. Visit http://www.pearsonhighered.com/ Horngren to view a link to Target Corporation’s Annual Report. Use Target Corporation’s fiscal 2015 financial statements to answer the following questions.

Requirements
1. Give the breakdown of Target’s current liabilities at January 30, 2016.
2. Calculate Target’s times-interest-earned ratio for the year ending January 30, 2016. How does Target’s ratio compare to Kohl’s Corporation’s ratio?