February 3, January 28, (millions, except footnotes) 2018 2017 Assets Cash and cash equivalents $ 2,643 $ 2,512 Inventory 8,657 8,309 Other current assets 1,264 1,169 Total current assets 12,564 11,990 Property and equipment Land 6,095 6,106 Buildings and improvements 28,396 27,611 Fixtures and equipment 5,623 5,503 Computer hardware and software 2,645 2,651 Construction-in-progress 440 200 Accumulated depreciation (18,181) (17,413) Property and equipment, net 25,018 24,658 Other noncurrent assets 1,417 783 Total assets $ 38,999 $ 37,431 Liabilities and shareholders' investment Accounts payable $ 8,677 $ 7,252 Accrued and other current liabilities 4,254 3,737 Current portion of long-term debt and other borrowings 270 1,718 Total current liabilities 13,201 12,707 Long-term debt and other borrowings 11,317 11,031 Deferred income taxes 713 861 Other noncurrent liabilities 2,059 1,879 Total noncurrent liabilities 14,089 13,771 Shareholders' investment Common stock 45 46 Additional paid-in capital 5,858 5,661 Retained earnings 6,553 5,884 Accumulated other comprehensive loss (747) (638) Total shareholders' investment 11,709 10,953 Total liabilities and shareholders' investment $ 38,999 $ 37,431 Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 541,681,670 shares issued and outstanding at February 3, 2018;556,156,228 shares issued and outstanding at lanuary 28 2017 Required information [The following information applies to the questions displayed below.] Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material is also available under the Investor Relations link at the company's website (www.target.com). Required: 1. By what name does Target label its balance sheet? 2. What amounts did Target report for the following items on February 3, 2018? 3. What was Target's largest current asset? What was its largest current liability? 4. Compute Target's current ratio and debt to equity ratio in 2018? (Round your answers to 2 decimal places. Enter your answers in millions, not in dollars (i.e., 10,00,000 should be entered as 10).) Consolidated Statements of Financial Position 1 Target's label name for its balance sheet. 2. a. Current assets b. Long-term assets C. Total assets d. Current liabilities e. Long-term liabilities f. Total liabilities g. Total shareholders' equity 3. a. Largest current asset b. Largest current liability 4. a. Current ratio b. Debt to equity ratio