2017 2018 19,167 1,062 20,229 12,199 19,036 1,048 20,084 12,176 KOHL'S CORPORATION CONSOLIDATED STATEMENTS OF INCOME FE 2(2P (Dollars in Millions, Except per Share Data) 2019 Net sales 18,885 Other revenue 1,089 Total retenue SALES REVENUE TUSE * 19,9741 Cost of merchandise sold 12,140 Operating expenses: Selling, general and administrative 5,705 Depreciation and amortization 917 Impairments, store closing and other costs 113 Operating income 1,099 Interest expense, net 207 (Gain) loss on extinguishment of debt (9) Income before income taxes 901 Provision for income taxes 210 Net income 691 $ 5,501 991 5,601 964 104 1,361 256 1,416 299 63 1,042 241 801 $ 1,117 258 859 KOHL'S CORPORATION CONSOLIDATED BALANCE SHEETS February 1, 2020 February 2, 2019 934 3,475 (Dollars in Millions) Assets Current assets: Cash and cash equivalents Merchandise inventories Other Total current assets Property and equipment, net Operating leases Other assets Total assets 426 723 $ 3,537 389 4,649 7,352 2,391 163 14,555 $ 4,835 7,428 206 12,469 1,187 1,206 $ 1,233 48 1,364 115 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable Current portion of: Finance lease and financing obligations Operating leases Total current liabilities Long-term debt Finance lease and financing obligations Operating leases Deferred income taxes Other long-term liabilities Shareholders' equity: Common stock - 375 and 374 million shares issued Paid-in capital Treasury stock, at cost, 219 and 211 million shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 124 158 2,769 1,856 1,367 2,619 260 234 2,730 1,861 1,523 184 644 3,272 (11,571) 13,745 5,450 $ 14,555 $ 3.204 (11,076) 13,395 5,527 12,469 KOHL'S CORPORATION CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY PYE 2/1/zo (Dollars in Millions, Except per Share Data) 2019 2018 Common stock Balance, beginning of period 4 $ Stock options and awards Balance, end of period 4 IS 2017 4 3,078 $ Paid-in capital Balance, beginning of period Stock options and awards Balance, end of period 3,204 $ 68 3,272 $ 126 3,003 75 3,078 3204 S Treasury stock Balance, beginning of period Treasury stock purchases Stock options and awards Dividends paid Balance, end of period (11,076) $ (470) (10,651) $ (396) (34) (10,338) (306) (14) (31) 6 $ (11,571) $ (11,076) $ (10,651) Accumulated other comprehensive loss (a) Balance, beginning of period Other comprehensive income Balance, end of period (14) (11) 12,999 $ 12,515 Retained earnings Balance, beginning of period Change in accounting standard (b) Net earnings Dividends paid Balance, end of period 13,395 $ 88 691 (429) 13,745 $ 801 (405) 859 (375) 12,999 $ 13,395 $ Total shareholders' equity, end of period $ 5,450 $ 5,527 $ 5,419 374 373 371 375 374 373 Common stock Shares, beginning of period Stock options and awards Shares, end of period Treasury stock Shares, beginning of period Treasury stock purchases Shares, end of period Total shares outstanding, end of period (205) (6) (211) (8) (219) 156 (197) (8) (205) 168 (211) 163 2.68 Se Ter chec.2.4 Straie derivat 12:20 Dividends paid per common share $ 2.68 $ (a) Includes loss on interest rate derivative and reclassification adjustment for interest expense included in net income Tax effects of interest rate derivatives were $1 million in 2018 and $2 million in 2017. (b) Adoption of new lease accounting standard in 2019, refer to Note 3 See accompanying Notes to Consolidated Financial Statements Kohl's Macy's 1. Current Ratio 2. Return on Equity 3. Asset Turnover 4. Dividend Payout Ratio 5. Price-Earnings Ratio 6. Debt/Assets Ratio 7. Profit Margin 8. Inventory Turnover 9. Inv. Turnover in Days 10. Quick/Acid Test Ratio 11. Earnings Per Share 12. Return on Assets 13. Gross Profit Rate 14. Times Interest Earned 15. Working Capital 1.18 8.8% 1.26 83.1% 8.37 .70 2.2% 2.90 126 Days .19 $ 1.83 2.8% 40.1% 4.55 $ 1,060 million Using Kohl's financial statements and the additional information given below, compute these ratios for the most current year shown fiscal year 2019 - which ended on February 1, 2020. Show all computations. (round to 2 decimal places; (15% or .15) Additional Financial Information for Kohl's Inc. a. The market price per share on February 1, 2020, was $ 41 per share. b. 157.4 million weighted average shares of stock were outstanding during the year. Current ratio Return on Equity Asset Turnover Payout Ratio Price-earnings ratio Debt/Assets ratio Profit margin Inventory Turnover Inventory Turnover in Days Quick/Acid Test Ratio Earnings Per Share Return on Assets Gross Profit Rate Times Interest Earned Working Capital