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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1067 |
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Comparable-store sales decreased from 4.6% in third quarter 2006 to 3.7% in third quarter 2007, amounting to a 0.9% net decrease.
Liquidity:
We evaluated Target’s liquidity by two different measures: current ratio and quick ratio. Target’s current ratio of 1.35 indicates that for every $1.00 in current liabilities, Target has $1...
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Target’s current ratio of 1.35 indicates that for every $1.00 in current liabilities, Target has $1.35 in current assets. Therefore, Target is more than able to meet immediate debt obligations at any given point. Quick ratio is a more conservative measure of liquidity because it excludes inventory values from its calculation...
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