1. a) Perform a ROA Dupont analysis on the firm b) Answer the question: What general insights can you glean from these results?
2. a) Perform a ROE Dupont analysis on the firm b) Answer the question: What general insights can you glean from these results?
3. Estimate the firm's weighted average cost of capital
4. Based upon one of the stock valuation strategies , estimate next year's stock price.
5. 
6. 

Consolidated Statements of Financial Position January 30, February 1, (millions, except footnotes) 2021 2020 Assets Cash and cash equivalents $ 8,511 $ 2,577 Inventory 10,653 8,992 Other current assets 1,592 1,333 Total current assets 20,756 12,902 Property and equipment Land 6,141 6,036 Buildings and improvements 31,557 30,603 Fixtures and equipment 5,914 6,083 Computer hardware and software 2,765 2,692 Construction-in-progress 780 533 Accumulated depreciation (20,278) (19,664) Property and equipment, net 26,879 26,283 Operating lease assets 2,227 2,236 Other noncurrent assets 1,386 1,358 Total assets $ 51,248 $ 42,779 Liabilities and shareholders' investment Accounts payable 12,859 $ 9,920 Accrued and other current liabilities 6,122 4,406 Current portion of long-term debt and other borrowings 1,144 161 Total current liabilities 20,125 14,487 Long-term debt and other borrowings 11,536 11,338 Noncurrent operating lease liabilities 2.218 2,275 Deferred income taxes 990 1,122 Other noncurrent liabilities 1,939 1,724 Total noncurrent liabilities 16,683 16,459 Shareholders' investment Common stock 42 42 Additional paid-in capital 6,329 6,226 Retained earnings 8,825 6,433 Accumulated other comprehensive loss (756) (868) Total shareholders' investment 14,440 11,833 Total liabilities and shareholders' investment $ 51,248 $ 42,779 Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 500,877,129 shares issued and outstanding as of January 30, 2021; 504,198,962 shares issued and outstanding as of February 1, 2020. $ 2020 2019 2018 2017) 2016 $ $ $ $ 74,433 923 92,400 1,161 93,561 66,177 18,615 77,130 982 78,112 54,864 16,233 75,356 53,299 15,723 71,786 928 72,714 51,125 15,140 $ 69,414 857 70,271 49,145 14,217 FINANCIAL RESULTS (in millions) Sales Other revenue Total revenue Cost of sales Selling, general and administrative expenses (SG&A) 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 2.230 6,539 977 2,357 4,658 477 (9) 4,190 921 3,269 12 16 2.224 4,110 461 (27) 3,676 746 2,930 2.225 4,224 653 (59) 3,630 722 5,546 1,178 4,368 2.045 4,864 991 (88) 3,961 1,295 2,666 68 2,734 2,908 6 2,914 $ 4,368 $ 3,281 $ 2,937 S $ Consolidated Statements of Financial Position January 30, February 1, (millions, except footnotes) 2021 2020 Assets Cash and cash equivalents $ 8,511 $ 2,577 Inventory 10,653 8,992 Other current assets 1,592 1,333 Total current assets 20,756 12,902 Property and equipment Land 6,141 6,036 Buildings and improvements 31,557 30,603 Fixtures and equipment 5,914 6,083 Computer hardware and software 2,765 2,692 Construction-in-progress 780 533 Accumulated depreciation (20,278) (19,664) Property and equipment, net 26,879 26,283 Operating lease assets 2,227 2,236 Other noncurrent assets 1,386 1,358 Total assets $ 51,248 $ 42,779 Liabilities and shareholders' investment Accounts payable 12,859 $ 9,920 Accrued and other current liabilities 6,122 4,406 Current portion of long-term debt and other borrowings 1,144 161 Total current liabilities 20,125 14,487 Long-term debt and other borrowings 11,536 11,338 Noncurrent operating lease liabilities 2.218 2,275 Deferred income taxes 990 1,122 Other noncurrent liabilities 1,939 1,724 Total noncurrent liabilities 16,683 16,459 Shareholders' investment Common stock 42 42 Additional paid-in capital 6,329 6,226 Retained earnings 8,825 6,433 Accumulated other comprehensive loss (756) (868) Total shareholders' investment 14,440 11,833 Total liabilities and shareholders' investment $ 51,248 $ 42,779 Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 500,877,129 shares issued and outstanding as of January 30, 2021; 504,198,962 shares issued and outstanding as of February 1, 2020. $ 2020 2019 2018 2017) 2016 $ $ $ $ 74,433 923 92,400 1,161 93,561 66,177 18,615 77,130 982 78,112 54,864 16,233 75,356 53,299 15,723 71,786 928 72,714 51,125 15,140 $ 69,414 857 70,271 49,145 14,217 FINANCIAL RESULTS (in millions) Sales Other revenue Total revenue Cost of sales Selling, general and administrative expenses (SG&A) 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 2.230 6,539 977 2,357 4,658 477 (9) 4,190 921 3,269 12 16 2.224 4,110 461 (27) 3,676 746 2,930 2.225 4,224 653 (59) 3,630 722 5,546 1,178 4,368 2.045 4,864 991 (88) 3,961 1,295 2,666 68 2,734 2,908 6 2,914 $ 4,368 $ 3,281 $ 2,937 S $