Use the Target Corporation’s Form 10-K to answer the following questions related to Target’s fiscal year end of January 30, 2016.
Target’s Form 10-K is available at https://www.sec.gov/cgi-bin/viewer?action=view&cik=27419&accession_number=0000027419-16-000043&xbrl_type=v#
What percentage of Target’s assets was being financed with liabilities versus shareholder’s equity?
Solution: Please refer to the consolidated Financial statement of Target Corp. of janurary 30, 2016 for the needed data form page no.34 of the following pdf link.
https://corporate.target.com/annual-reports/pdf-viewer-2016?cover=28067&parts=28073
Here we can see that the total current asset (after deducting depreciation) as on January 30, 2016 stands at $40262 million.
These assets are financed by outside liabilities (both long-term and current) and shareholders funds. The percentage distribution is shown below:
Source of Fund | Amount (Million $) | Percentage contribution in total assets. |
Total current liabilities | 12622 | 31.3496597% |
Total noncurrent liabilities | 14683 | 36.4686305% |
Total shareholders' investment | 12957 | 32.1817098% |
Total | 40262 | 100% |
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