Question

Common-Size Balance Sheets

Following is the balance sheet for Target Corporation. Prepare Target’s common-size balance sheets as of January 31, 2015 and February 1, 2014.
(Round your answers to one decimal place.)

($ millions)	January 31, 2015	February 1, 2014
Assets
Cash and cash equivalents	$2,210	$670
Inventory	8,790	8,278
Other current assets	3,087	2,625
Total current assets	14,087	11,573
Property and equipment, net	25,958	26,412
Other noncurrent assets	1,359	6,568
Total assets	$41,404	$44,553
Liabilities and shareholders’ investment
Accounts payable	$7,759	$7,335
Accrued and other current liabilities	3,886	4,299
Current portion of long-term debt and notes payable	91	1,143
Total current liabilities	11,736	12,777
Long-term debt	12,705	11,429
Deferred income taxes	1,321	1,349
Other noncurrent liabilities	1,645	2,767
Total shareholders’ investment	13,997	16,231
Total liabilities and shareholders’ investment	$41,404	$44,553

TARGET CORPORATION Common-Size Balance Sheets
	2015	2014
Cash and cash equivalents	Answer%	Answer%
Inventory	Answer%	Answer%
Other current assets	Answer%	Answer%
Total current assets	Answer%	Answer%
Property and equipment, net	Answer%	Answer%
Other noncurrent assets	Answer%	Answer%
Total assets	Answer%	Answer%
Accounts payable	Answer%	Answer%
Accrued and other current liabilities	Answer%	Answer%
Current portion of long-term debt and notes payable	Answer%	Answer%
Total current liabilities	Answer%	Answer%
Long-term debt	Answer%	Answer%
Deferred income taxes	Answer%	Answer%
Other noncurrent liabilities	Answer%	Answer%
Total shareholders’ investment	Answer%	Answer%
Total liabilities and shareholders’ investment	Answer%	Answer%