Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 1,2020, are available in Connect. Long-term solvency refers to a company's ability to pay its long-term obligations. Financing ratios provide investors and creditors with an indication of this element of risk.
Required: Calculate the debt to equity ratio for Target at February 1,2020. The average ratio for companies in the Discount Retailers industry sector in a comparable time period was 1.95 .