arget's Income Statement for the year ended January 30, 2021 2020 92,400 1,161 93,561 66.177 18,615 (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 2.230 6,539 977 16 5,546 1,178 4,368 $ 4,368 Target's Balance Sheet as of January 30, 2021 January 30 2021 $ 8,511 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 $ (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 Retained earnings Accumulated other comprehensive loss Total shareholders' investment Total liabilities and shareholders' investment $ 12.859 6,122 1,144 20,125 11,536 2.218 990 1,939 16,683 42 6.329 8.825 (756) 14,440 51,248 $ Walmart's Income Statement for the year ended January 31, 2021 2021 $ 555.233 3.918 559,151 420 315 116.288 22 SIS (Amounts in millions, except per share data) Revenues: Net sales Membership and other income Total revenues Costs and expenses Cost of sales Operating, selling general and administrative expenses Operating income Interest: Deht Finance, capital lease and financing obligations Interest income Interest, net Other (gains) and losses Income before income taxes Provision for income taxes Consolidated net income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart 1,976 319 (121) 2,194 (210) 20564 6.858 13,706 (196) 13.510 $ Walmart's Balance Sheet as of January 31, 2021 2021 $ (Amounts in millions) ASSETS Current assets Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets 17,741 6,516 44.99 20.861 90067 Property and equipment, net Operating lease right-of-use assets Finance lease right-of-use assets, met Goodwill Other long-term assets Total assets 92.201 13.642 4005 28.983 23.598 252 496 $ 5 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Long-term debt due within one year Operating lease obligations due within one year Finance lease obligations due within one year Total current liabilities 224 49,141 37.966 242 3,115 1,466 491 92,645 Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other 41,194 12.909 3.847 14370 Commitments and contingencies Equity Common stock Capital in excess of par value Retained camning Accumulated other comprehensive loss Total Walmart shareholders' equity Noncontrolling interest 282 3.646 88,763 (11.766) 80,925 6606 87531 252.496 Total equity Total liabilities and equity 1. Compare the net income (net earnings) of each company, and indicate which company was more profitable in the most recent year. For Walmart, please provide the net income attributed to Walmart (after noncontrolling interests are deducted). Where did you find this information? Target: Walmart: Other responses: 2. What was each company's largest liability at the end of the most recent year? Where did you find this information? Target: Walmart: Other responses: 3. Compare the cash and cash equivalents held by each company at the end of the most recent year. Where did you find this information? In your opinion, does this indicate which business is more successful? Target: Walmart: Other responses: 4. Compare the retained earnings of each company at the end of the most recent year. Where did you find this information? If you are looking to invest in one of these companies, does this impact your decision? Target: Walmart: Other responses: 5. Look up the closing stock price of each company on August 20, 2021. Hint: Target's stock symbol is TGT and Walmart's symbol is WMT. Yahoo Finance's Historical Data is a useful tool. Target (TGT): Walmart (WMT): 6. After comparing the companies, in which business would you rather invest