53 Week Fiscal Year Kohls reports the following financial information in its form 10-K. Our fiscal year ends on the Saturday closest to January 31st each year. Unless otherwise stated, references to years in these notes relate to fiscal years rather than to calendar years. The following fiscal periods are presented in these notes: Fiscal Year Ended Number of Weeks 2018 February 2, 2019 52 2017 February 3, 2019 53 2016 January 28, 2017 52 Required a. Indicate whether each statement is true or false regarding different fiscal period durations presented for financial analysis. Answer False 1. Every year, Kohl's income statement amounts will be comparable with other companies having a calendar year-end. Answer True 2. In certain years, Kohl's income statement amounts will not be comparable with other companies with a calendar year-end. Answer False 3. The number of days of sales reported in each fiscal year is always the same as the days of sales of a company with a calendar year-end. b. Kohls income statement includes the following amounts for sales revenue ($ millions). 2018 2017 2016 $20,229 $20,084 $19,681 How might we compare the year-over-year growth for 2018 and 2017? Complete the following table: Note: Round the percentage to one decimal place (for example, enter 14.6% for 14.55555%). 2018 2017 2016 Sales revenue as reported $20,229 $20,084 $19,681 Growth over prior period Answer 0.71 Answer 2.05 Adjusted sales revenue Answer 20,229 Answer 19,705 Answer 19,681 Growth over prior period Answer 2.64 Answer 0.12

53 Week Fiscal Year Kohls reports the following financial information in its form 10-K. Our fiscal year ends on the Saturday closest to January 31st each year. Unless otherwise stated, references to years in these notes relate to fiscal years rather than to calendar years. The following fiscal periods are presented in these notes: 52 53 52 Fiscal Year Ended Number of Weeks 2018 February 2, 2019 2017 February 3, 2019 2016 January 28, 2017 Required a. Indicate whether each statement is true or false regarding different fiscal period durations presented for financial analysis. False = 1. Every year, Kohl's income statement amounts will be comparable with other companies having a calendar year-end. True 2. In certain years, Kohl's income statement amounts will not be comparable with other companies with a calendar year-end. False - 3. The number of days of sales reported in each fiscal year is always the same as the days of sales of a company with a calendar year-end. b. Kohls' income statement includes the following amounts for sales revenue ($ millions). 2018 2017 2016 $20,229 $20,084 $19,681 How might we compare the year-over-year growth for 2018 and 2017? Complete the following table: Note: Round the percentage to one decimal place (for example, enter 14.6% for 14.55555%). 2016 $19,681 Sales revenue as reported Growth over prior period Adjusted sales revenue Growth over prior period 2018 $20,229 0.71 %6 x 20,229 $ 2.64 96 x 2017 $20,084 2.05 % x 19,705$ 0.12 96 x $ 19,681