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Required information

Target Case $($Static$)[$LO$3-2,3-3,3-8]$

$[$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 $1,2020,$ are available here. This material is also available under the Investor Relations link at the company's website $($

www$.$target.com$).$

Target Case $($Static$)$ Parts $1$ to $4$

Required:

By what name does Target label its balance sheet?

What amounts did Target report for the following items on February $1,2020?$

Note: Enter your answers in millions, not in dollars $($i$.$e$.,10,000,000$ should be entered as $10).$

$3.$ 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 $2020?$

Note: Round your answers to $2$ decimal places.

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$3$ of $5$