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Please read the General Information and Instructions for the Financial Statement Case Assignments carefully before starting. Financial Statement Case 4-1 This case, based on the balance sheet of Target Corporation, will familiarize you with some of the assets and liabilities of that company. Use the Target Corporation balance sheet to answer the following questions. Requirements 1. Which balance sheet format does Target use? 2. Name the company's largest current asset and largest current liability on January 31, 2021 3. Compute Target's current ratios on January 31, 2021, and February 1, 2020. Did the current ratio improve, worsen, or hold steady? 4. Under what category does Target report furniture, fixtures, and equipment? 5. What was the cost of the company's property, plant, and equipment on January 31, 2021? What was the amount of accumulated depreciation? What was the book value of the property, plant, and equipment? The Financial Statement Case Assignments are a series of 4 different short assignments the object of which is to get students familiar with reading and interpreting the financial statements of publicly traded companies. The data for each of these assignments comes from the Annual Report of Target Corporation. The Annual Report you will be using is the 2020 Annual Report 2. Please don't use another year or your answers will be wrong. This report covers the dates of February 1, 2020 to January 31, 2021. Occasionally you will have to access the 2020 Annual Report of Kohlse for comparison purposes

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