Prepare a common-size balance for the current and past year, for both companies. Use cell referencing to calculate the common size percentages and round to two decimal places. Columns have been set up for you to enter your work. and answer questions at the bottom. Common-Size Balance SheetsTarget CorporationAssetsCash and cash equivalentsInventoryOther current assetsTotal current assetsProperty and equipmentLandBuildings and improvementsFixtures and equipmentComputer hardware and softwareConstruction-in-progressAccumulated depreciationProperty and equipment, netOperating lease assetsOther noncurrent assetsTotal assetsLiabilities and shareholders' investmentAccounts payableAccrued and other current liabilitiesCurrent portion of long-term debt and other borrowingsTotal current liabilitiesLong-term debt and other borrowingsNoncurrent operating lease liabilitiesDeferred income taxesOther noncurrent liabilitiesTotal noncurrent liabilitiesShareholders' investmentCommon stockAdditional paid-in capitalRetained earningsAccumulated other comprehensive lossTotal shareholders' investmentTotal liabilities and shareholders' investmentDollar amounts in MillionsPercentagesJan. 28, 2023 Jan. 29, 2022 Jan. 28, 2023 Jan. 29, 2022$ 2,22913,4992,11817,8466,23134,7467,4393,0392,688(22,631)31,5122,6571,32053,33513,4875,88313019,50016,0092,6382,1961,76022,603386,6085,005(419)11,232$ 53,335$ 5,91113,9021,76021,5736,16432,9856,4072,5051,257(21,137)28,1812,5561,50153,81115,4786,09817121,74713,5492,4931,5661,62919,237396,4216,920(553)12,827$ 53,811references to ecredit.#1 Answer the following questions below for the most recent year. Make sure you are referencing specific account and not a total line for A and B.a. What are the company's 2 largest assets?b. What are the company's 2 largest liabilities?c. What percentage of total assets is financed by owners?d. What percentage of total assets is financed by creditors?

Vertical analysis is a method of financial statement analysis in which each line item is…

Answered: Prepare a common-size

Business

Accounting

Prepare a common-size

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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