a. Describe and compare your company's financing activities for your company from 2019 to 2020 by analyzing the change in their loans, issuing common stock, and paying dividends on the statement of cash flows for these years. Make sure to explain how the impact of the Covid-19 pandemic affected your company's financing decisions from 2019 to 2020. Due to the impact of the Covid-19 pandemic, describe if you company increased or decreased its loans, issuing common stock, and paying dividends on the statement of cash flows from 2019 to 2020. b. Describe a new service or product that you would recommend for your company to offer to its customers due to the impact of the COVID-19 pandemic. Explain how your new service or product would potentially bring value to the company's creditors by repayments of loans and/or to their stockholders with additional payments of dividends). What are the advantages and/or disadvantages of debt financing (taking out loans) versus equity financing (issuing stock) for the company once the Covid-19 pandemic is over? * Upload and attach your completed excel file to your posting. Consolidated Statements of Operations (Income Statement) (millions, except per share data) Sales Other revenue Total revenue Cost of sales Selling, general and administrative expenses Depreciation and amortization (exclusive of depreciation included in cost of sales) Operating income Net interest expense Net other (income) / expense Earnings from continuing operations before income taxes Provision for income taxes Net earnings from continuing operations Discontinued operations, net of tax Net earnings (Net income) Basic earnings per share Continuing operations Discontinued operations Net earnings per share Diluted earnings per share Continuing operations Discontinued operations Net earnings per share Weighted average common shares outstanding Basic Diluted Antidilutive shares Note: Per share amounts may not foot due to rounding. $ $ $ $ $ $ 2020 92,400 $ 1,161 93,561 66,177 18,615 2,230 6,539 977 16 5,546 1,178 4,368 4,368 8.72 8.72 $ 8.64 $ 8.64 $ 500.6 505.4 $ $ 69 2019 77,130 $ 982 78,112 54,864 16,233 2,357 4,658 477 (9) 4,190 921 3,269 12 3,281 $ 6.39 $ 0.02 6.42 $ 6.34 $ 0.02 6.36 $ 510.9 515.6 2018 74,433 923 75,356 53,299 15,723 2,224 4,110 461 (27) 3,676 746 2,930 7 2,937 5.54 0.01 5.55 5.50 0.01 5.51 528.6 533.2 Consolidated Statements of Financial Position (Balance Sheet) (millions, except footnotes) Assets Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Operating lease assets Other noncurrent assets Total assets Liabilities and shareholders' investment Accounts payable Accrued and other current liabilities Current portion of long-term debt and other borrowings Total current liabilities Long-term debt and other borrowings Noncurrent operating lease liabilities Deferred income taxes Other noncurrent liabilities Total noncurrent liabilities Shareholders' investment Common stock Additional paid-in capital January 30, 2021 February 1, 2020 $ 8,511 $ 2,577 8,992 1,333 12,902 6,036 30,603 6,083 2,692 533 (19,664) 26,283 2,236 1,358 42,779 9,920 4,406 161 14,487 11,338 2,275 1,122 1,724 16,459 42 6,226 $ $ 10,653 1,592 20,756 6,141 31,557 5,914 2,765 780 (20,278) 26,879 2,227 1,386 51,248 $ 12,859 $ 6,122 1,144 20,125 11,536 2,218 990 1,939 16,683 42 6,329 Consolidated Statements of Cash Flows (millions) Operating activities Net earnings Earnings from discontinued operations, net of tax Net earnings from continuing operations (Net Income) Adjustments to reconcile net earnings to cash provided by operations: Depreciation and amortization Share-based compensation expense Deferred income taxes Loss on debt extinguishment Noncash losses / (gains) and other, net Changes in operating accounts: Inventory Other assets Accounts payable Accrued and other liabilities Cash provided by operating activities-continuing operations Cash provided by operating activities-discontinued operations Cash provided by operations Investing activities Expenditures for property and equipment Proceeds from disposal of property and equipment Other investments Cash required for (used by) investing activities Financing activities Additions to long-term debt Reductions of long-term debt Dividends paid Repurchase of stock Stock option exercises Cash required for (used by) financing activities Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental information Interest paid, net of capitalized interest Income taxes paid Leased assets obtained in exchange for new finance lease liabilities Leased assets obtained in exchange for new operating lease liabilities $ $ $ 2020 4,368 $ 4,368 2,485 200 (184) 512 86 (1,661) (137) 2,925 1,931 10,525 10,525 (2,649) 42 16 (2,591) 2,480 (2,415) (1,343) (745) 23 (2,000) 5,934 2,577 8,511 $ 939 $ 1,031 428 262 2019 3,281 $ 12 3,269 2,604 147 178 10 29 505 18 140 199 7,099 18 7,117 (3,027) 63 20 (2,944) 1,739 (2,069) (1,330) (1,565) 73 (3,152) 1,021 1,556 2.577 $ 492 $ 696 379 464 2018 2,937 7 2,930 2,474 132 322 95 (900) (299) 1,127 89 5,970 3 5,973 (3,516) 85 15 (3,416) (281) (1,335) (2,124) 96 (3,644) (1,087) 2,643 1.556 476 373 130 246