Refer to the financial information of Target Corporation in MS-15 and MS-I6 to answer the following.

a. Compute Target's current ratio and quick ratio for February 2018 and January 2017. Comment on any observed trends.

b. Compute Target's times interest earned for the year ended February 3, 2018, and its debt-to-equity ratios for February 2018 and January 2017. Comment on any trends observed.

c. Summarize your findings in a conclusion about the company's liquidity and solvency. Do you have any concerns about Target's ability to meet its debt obligations?

Data from MS-15:

Data from MS-16:

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3M COMPANY AND SUBSIDIARIES December 31 (S millions) 2017 2016 Assets Cash, cash equivalents and marketable securities. Accounts receivable-net of allowances of $103 and $88. Total inventories.. Prepaids.... Other current assets. $ 4,120 $ 2,678 4,392 4,911 4,034 3,385 937 821 266 450 Total current assets 14,277 11,726 Property, plant and equipment-net. Goodwill.. Intangible assets-net Other assets. 8,866 8,516 10,513 9,166 .... 2,320 2,936 1,395 1,178 Total assets $37,987 $32,906 Liabilities and Shareholders' Equity Current liabilities Short-term borrowings and current portion of long-term debt Accounts payable... Accrued payroll... Accrued income taxes Other current liebilities . S 1,853 1,945 870 972 1,798 678 310 299 2,709 2,472 Total current liabilities. Long-term debt.. Pension and postretirement benelits Other liabili ties 7,687 12,096 6.219 10,678 3,620 4,018 2,962 1,648 Total liabilitios. $26,365 Total equity. $22,563 $10,343 $11,622 Total liabilities and equity $37,987 $32,906