Following is the balance sheet for Target Corporation. Prepare Target's common-size balance sheets as of February 3,
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Following is the balance sheet for Target Corporation. Prepare Target's common-size balance sheets as of February 3, 2018 and January 28, 2017.
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February 3, 2018 January 28, ($ millions) 2017 Assets Cash and cash equivalents ... Inventory.... Other current assets.. $ 2,643 8,657 1,264 $ 2,512 8,309 1,169 ... Total current assets... Property and equipment, net Other noncurrent assets. 12,564 25,018 11,990 24,658 ... 1,417 783 Total assets $38,999 $37,431 Liabilities and shareholders' investment Accounts payable.... Accrued and other current liabilities.. Current portion of long-term debt and other borrowings. $ 8,677 4,254 270 $ 7,252 3,737 1,718 Total current liabilities...... Long-term debt and other borrowings Deferred income taxes.. 13,201 11,317 12,707 11,031 713 861 Other noncurrent liabilities 2,059 1,879 Total noncurrent liabilities.. Total shareholders' investment. 14,089 11,709 13,771 10,953 Total liabilities and shareholders' investment. $38,999 $37,431
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Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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