Period Ended	Sears Holdings (SHLD) 31-Jan-09	Target Corp (TGT) 31-Jan-09
Total revenue	$46,770,000	$64,948,000
Cost of revenue	(34,118,000)	(44,157,000)
Gross profit	$12,652,000	$20,791,000
Operating expenses	(12,050,000)	(16,389,000)
Operating income or loss	$602,000	$4,402,000
Interest expense	(272,000)	(894,000)
Net income	$330,000	$3,508,000

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	Sears Holdings (SHLD)	Target Corp (TGT)
PERIOD ENDING	31-Jan-09	31-Jan-09
Cash and cash equivalents	$864,000	$1,297,000
Accounts receivable	9,446,000	866,000
Inventories	6,705,000	8,795,000
Other current assets	473,000	458,000
Total current assets	$17,488,000	$11,416,000
Long-term investments	163,000	0
Property, plant, and equipment	25,756,000	8,091,000
Other assets	699,000	5,835,000
Total assets	$44,106,000	$25,342,000
Liabilities
Accounts payable	$7,366,000	$3,430,000
Short-/current long-term debt	1,262,000	787,000
Other current liabilities	1,884,000	4,295,000
Total current liabilities	$10,512,000	$8,512,000
Long-term debt	17,490,000	2,132,000
Other long-term liabilities	2,392,000	5,318,000
Total long-term liabilities	$19,882,000	$7,450,000
Total stockholders' equity	13,712,000	9,380,000
Total liabilities and owners' equity	$44,106,000	$25,342,000

1. Here you will find the income statements and balance sheets for Sears Holdings (SHLD) and Target Corp (TGT). Assume that you are a financial manager at Sears and want to compare your firm's situation with that of Target. Calculate representative ratios for liquidity, asset management efficiency, financial leverage (capital structure), and profitability for both Sears and Target. How would you summarize the financial performance of Sears compared to Target (its benchmark firm)?