question will be sent to your instructor for grading Required information Target Case (Static) (LO13-1, 13-3, 13-5) The following information applies to the questions displayed below! Target Corporation prepares its financial statements according to US GAAP Target's financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material ako is available under the Investor Relations link at the company's website www.target.com) Target Case (Static) Part 1 Required: 1. Target's Consolidated Statement of Financial Position its balance sheet) discloses its current assets and current liabilities What are the three components of Target's current abilities? Sh JE PIEV 12 2 !!! Next > Required information b. Are current assets sufficient to cover current liabilities? What is the current ratio for the year ended February 3, 2018? How does the ratio compare with the prior year? c Why might a company want to avoid having its current ratio be too low? Too high? 3. Disclosure Note 19 discusses Target's accounting for contingencies. What is Target's approach for accruing losses for litigation liabilities? Is their approach appropriate? 8. 2 PIE Next >