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Case Assignment 14-1

Case Assignment 14-1

Q Description Financial Statement Case Assignments are a collection of individual assignments whose total point value equals 160. Please read the General Information and Instructions for the Financial Statement Case Assignments carefully before starting. Make sure you know how the fiscal year for Target Corporation is presented by watching this videoAbout these assignments . Financial Statement Case 14-1 Requirements 1. How much were Target Corporation’s total long-term liabilities at January 30, 2021? 2. Compute Target Corporation’s debt to equity ratio at January 30, 201 How does it compare to Kohl’s Corporation’s ratio? Rubric Financial Statement Case 14-1 Rubric Financial Statement Case 14-1 Rubric Criteria Ratings Pts This criterion is linked to a Learning OutcomeQuestion 1 4 pts Full Points Question answered accurately. 2 pts Half Points 1/2 of the question answered correctly 0 pts No Points Both parts of question answered incorrectly. 4 pts This criterion is linked to a Learning OutcomeQuestion 2 8 pts Question answered correctly 4 pts Half points Half of the question answered correctly 0 pts No points Answer is incorrect 8 pts Total Points: 12 PreviousNext

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Case Assignment 14-1 Requirement-1 The total long-term/non-current liabilities of the Target Corporation as at January 30, 2021 was $16,683 million. Requirement-2 Debt to Equity Ratio = (Total Liabilities/Total Stockholder’s Equity) * 100 Target Company Debt to Equity Ratio = 254.90% [{(i.e. $20,125 total current liabilities + $16,683 total non-current liabilities)/$14,440 total stockholder’s equity} * 100] KOHL’S Company Total Liabilities = $10,141 (i.e. $15,337 total assets - $5,196 total shareholder’s equity) Debt to Equity Ratio = 195.17% [(i.e. $10,141 total liabilities/$5,196 total shareholder’s equity) * 100] The debt to equity ratio of both of the Companies are at extremely high level, which means that the debt portion of both companies are at a higher level as compared to their shareholder’s equity and that is not the good sign for both of the companies.