Obtain the Target Corporations annual report at http://investors.target.com using the instructions in Appendix B and use it

Question:

Obtain the Target Corporation’s annual report at http://investors.target.com using the instructions in Appendix B and use it to answer the following questions:


Required
a. What was the average interest rate on Target’s long-term debt in the fiscal-year ended January 28, 2017 (2016)?
b. Target has an “unsecured revolving credit facility” (i.e., a line of credit). What is the total amount
of credit available under this facility? How much of this total amount available had Target used as of January 28, 2017?
c. Target’s balance sheet shows a line titled “Other noncurrent liabilities.” What are the types of debt 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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introductory Financial Accounting for Business

ISBN: 978-1260299441

1st edition

Authors: Thomas Edmonds, Christopher Edmonds

Question Posted: