Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for Target Corporation
Question:
Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for Target Corporation for the year ended February 1, 2020. Locate the “Consolidated Statements of Financial Position” (balance sheet). You may also find the annual report at the company’s website.
Required:
1. What amount does the company report for current liabilities in the most recent year?
2. What amount does the company report for current assets in the most recent year?
3. Calculate the current ratio. Using 1.1 as the industry average, is Target more or less liquid than its industry peers?
4. What amount does the company report as a current liability associated with gift cards, net of estimated breakage?
5. The company owes for “debt and other borrowings.” What amount is due to be paid back within the next 12 months?
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