Assignment 2. Resource Analysis: In no more than 5 typed pages, identify Target's Strengths and weaknesses relative to Walmart's (in other words, how are the two firms different in 2021). Ratios like those suggested below are measures of performance. Differences in resources or capabilities are one of the possible CAUSES of that performance. Use your own observations as well as other sources to speculate concerning the comes of the firm's relative performance Ratio Caleulation Target Target Walmart Walmart NINS COGS/NS SG&A ExpNS Deprec. Exp/N'S Int. Exp./NS ROE: NISE Equity Multiplier TASE ROA NITA TAT: NS TA CAT.NS CA Iny. Tum NS/ NS Cash ART: NSVAR NS prop, plant, & equip LTDebt TA Current CACL Acid Tent CA INCL Co. owned / Botal More NS/store NS Employee NSN | an Target Consolidated Statements of Financial Position (millions, except footnotes) January 30, 2021 February 1, 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 61 248 $ 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 Walmart Inc. Consolidated Statements of Income Fiscal Year Ended January 31 2020 2021 2019 s s 535,233 3918 359.151 519.926 4,038 523,964 510319 4,076 514,405 Amount in millions, except per share da Revenues Net sales Membership and other income Total revenues Costs and expenses Cost of sales Operating sellinu, neteral and administrative expenses Operating income Interest Debt Finance capital case and financing obligation Interest income Interest, net 420315 116.288 21.548 398,605 108,901 20,568 385 301 107,147 21.957 1,976 319 121) 2,198 2.262 337 (189) 2410 1.975 371 (217) 2.129 210 20,861 6858 13.700 (196) 13,310 1.958) 20,176 4915 13.20 (20) 1431 8,168 11,460 4,281 7.119 309) 6670 Other (min) and losses Income before income taxes Provision for income taxes Consolidated set income Consolidated set income attributable to non controlling interest Consolidated net income attributable to Walmart Net income per common share Basic et income per common share the to Walmart Diluted net income per common share writable to Walmart Weighted average common shares outstanding Basic Diluted Dividende declared per commissar See more 4.72 4.75 522 223 226 2.850 2831 2,2 2.16 2,929 2,905 2.00 3.12 3 Assignment 2. Resource Analysis: In no more than 5 typed pages, identify Target's Strengths and weaknesses relative to Walmart's (in other words, how are the two firms different in 2021). Ratios like those suggested below are measures of performance. Differences in resources or capabilities are one of the possible CAUSES of that performance. Use your own observations as well as other sources to speculate concerning the comes of the firm's relative performance Ratio Caleulation Target Target Walmart Walmart NINS COGS/NS SG&A ExpNS Deprec. Exp/N'S Int. Exp./NS ROE: NISE Equity Multiplier TASE ROA NITA TAT: NS TA CAT.NS CA Iny. Tum NS/ NS Cash ART: NSVAR NS prop, plant, & equip LTDebt TA Current CACL Acid Tent CA INCL Co. owned / Botal More NS/store NS Employee NSN | an Target Consolidated Statements of Financial Position (millions, except footnotes) January 30, 2021 February 1, 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 61 248 $ 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 Walmart Inc. Consolidated Statements of Income Fiscal Year Ended January 31 2020 2021 2019 s s 535,233 3918 359.151 519.926 4,038 523,964 510319 4,076 514,405 Amount in millions, except per share da Revenues Net sales Membership and other income Total revenues Costs and expenses Cost of sales Operating sellinu, neteral and administrative expenses Operating income Interest Debt Finance capital case and financing obligation Interest income Interest, net 420315 116.288 21.548 398,605 108,901 20,568 385 301 107,147 21.957 1,976 319 121) 2,198 2.262 337 (189) 2410 1.975 371 (217) 2.129 210 20,861 6858 13.700 (196) 13,310 1.958) 20,176 4915 13.20 (20) 1431 8,168 11,460 4,281 7.119 309) 6670 Other (min) and losses Income before income taxes Provision for income taxes Consolidated set income Consolidated set income attributable to non controlling interest Consolidated net income attributable to Walmart Net income per common share Basic et income per common share the to Walmart Diluted net income per common share writable to Walmart Weighted average common shares outstanding Basic Diluted Dividende declared per commissar See more 4.72 4.75 522 223 226 2.850 2831 2,2 2.16 2,929 2,905 2.00 3.12 3