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 causes of the firm's relative performance, Ratio Calculation Target Target Walmart Walmart NI/NS COGS/NS SG&A Exp/NS Deprec. Exp/NS Int. Exp./NS ROE: NUSE Equity Multiplier TA/SE ROA NITA TATNSTA CAT: NSICA Inv. Tum: NS/Inv. NS/Cash ARTum NSAR NS prop, plant, & equip LTDebt TA 0 Current CACL Acid Test: CA-Inv CL Co. owned / total stores NS store NS Employee NS Walmart Inc Consolidated Statements of Income Fiscal Yeu Inded January 2020 2021 2019 $ s 553 211 3918 559,151 519,936 4018 $23.961 510,139 4076 314,405 Amount in mullion copt per share data) Revenues Netales Membership and other income Total reves Cons and expenses Cost of sales Opentinen entstand dinitive expense Oper single Interest Date Finance capital me and financing obligation Inove income Internet 420,313 194.60S 108,91 20,568 383.100 1070 21,957 22,30 1976 19 (021) 2.191 2,262 27 (189) 2010 1.975 371 2,129 210) 20,364 61 12,200 1.08 30.116 4915 15,201 (1201 8.168 11,460 4.21 7.179 (509) 60 196 STO Other (find) and losses Income before income Provision for comes Consolidated sit income Consolidated wat incontributable to con controlling interest Comedet income with Walmart Net income per comentare Bate set income per common share the to Walmar De net income per common share butable to Walmart Weighinda common share outstanding Basie Ded Dividends decare per common are Sera.com 277 175 5.22 5.19 22 2331 2.850 2866 2.12 3.999 2945 200 2.16 5 Walmart Inc Consolidated Balance Sheets As of 1 2030 5 At million ASSETS Current assets Cash and cash equivalents Receivables Inventories Prepaid expenses and other Total current asset 17.741 6516 44.949 20.561 0.05 9465 654 4,435 1623 1,80 Property and equipment 93.291 10. 17-434 Operating case of use asets Finance langhose assets, 13.642 2005 239 1996 31,073 16567 26.95 Goodwill Other long form Total LIABILITIES AND EQUITY Current liabile Short-term bow Accountable 575 230 11 Accredibilities Acredincome Lorem de due within you Operace obligations de within one you Finance lente obligation de wine year 376 23 115 1.6 291 S33 1.79 511 taleurea halts) Long-term debe Long-term pertinente Long-term can be SES 41,194 1200 77. 4,714 16111 007 122051 26 30 Deferred income and Cand conce Equity Commode Capital in excesor far vale Nutmed Maced other comprehensive to Total Warden Noor Tocality Tould quity 11 327 0903 (128053 76 6. 11,332 316 6.606 11 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 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: 504,198,982 shares issued and outstanding as of February 1, 2020 Target Consolidated Statements of Operations 2020 92,400 $ 1,161 93,561 66,177 18,615 2.230 6,539 977 16 5,546 1,178 4,368 (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 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 2019 77,130 $ 982 78,112 54,864 16.233 2,357 4,658 477 (9) 4,190 921 3,269 12 3.281 $ 2018 74,433 923 75,356 53.299 15,723 2.224 4.110 461 (27) 3,676 746 2.930 $ 4,368 S 2,937 $ 8.72 $ 6.39 $ 0.02 6.42 $ 5.54 0.01 5.55 $ 8.72 $ $ 8.64 $ 6.34 $ 0.02 6.36 $ 5.50 0.01 5.51 $ 8.64 $ 500.6 505.4 510.9 515.6 528.6 5332 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 causes of the firm's relative performance, Ratio Calculation Target Target Walmart Walmart NI/NS COGS/NS SG&A Exp/NS Deprec. Exp/NS Int. Exp./NS ROE: NUSE Equity Multiplier TA/SE ROA NITA TATNSTA CAT: NSICA Inv. Tum: NS/Inv. NS/Cash ARTum NSAR NS prop, plant, & equip LTDebt TA 0 Current CACL Acid Test: CA-Inv CL Co. owned / total stores NS store NS Employee NS Walmart Inc Consolidated Statements of Income Fiscal Yeu Inded January 2020 2021 2019 $ s 553 211 3918 559,151 519,936 4018 $23.961 510,139 4076 314,405 Amount in mullion copt per share data) Revenues Netales Membership and other income Total reves Cons and expenses Cost of sales Opentinen entstand dinitive expense Oper single Interest Date Finance capital me and financing obligation Inove income Internet 420,313 194.60S 108,91 20,568 383.100 1070 21,957 22,30 1976 19 (021) 2.191 2,262 27 (189) 2010 1.975 371 2,129 210) 20,364 61 12,200 1.08 30.116 4915 15,201 (1201 8.168 11,460 4.21 7.179 (509) 60 196 STO Other (find) and losses Income before income Provision for comes Consolidated sit income Consolidated wat incontributable to con controlling interest Comedet income with Walmart Net income per comentare Bate set income per common share the to Walmar De net income per common share butable to Walmart Weighinda common share outstanding Basie Ded Dividends decare per common are Sera.com 277 175 5.22 5.19 22 2331 2.850 2866 2.12 3.999 2945 200 2.16 5 Walmart Inc Consolidated Balance Sheets As of 1 2030 5 At million ASSETS Current assets Cash and cash equivalents Receivables Inventories Prepaid expenses and other Total current asset 17.741 6516 44.949 20.561 0.05 9465 654 4,435 1623 1,80 Property and equipment 93.291 10. 17-434 Operating case of use asets Finance langhose assets, 13.642 2005 239 1996 31,073 16567 26.95 Goodwill Other long form Total LIABILITIES AND EQUITY Current liabile Short-term bow Accountable 575 230 11 Accredibilities Acredincome Lorem de due within you Operace obligations de within one you Finance lente obligation de wine year 376 23 115 1.6 291 S33 1.79 511 taleurea halts) Long-term debe Long-term pertinente Long-term can be SES 41,194 1200 77. 4,714 16111 007 122051 26 30 Deferred income and Cand conce Equity Commode Capital in excesor far vale Nutmed Maced other comprehensive to Total Warden Noor Tocality Tould quity 11 327 0903 (128053 76 6. 11,332 316 6.606 11 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 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: 504,198,982 shares issued and outstanding as of February 1, 2020 Target Consolidated Statements of Operations 2020 92,400 $ 1,161 93,561 66,177 18,615 2.230 6,539 977 16 5,546 1,178 4,368 (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 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 2019 77,130 $ 982 78,112 54,864 16.233 2,357 4,658 477 (9) 4,190 921 3,269 12 3.281 $ 2018 74,433 923 75,356 53.299 15,723 2.224 4.110 461 (27) 3,676 746 2.930 $ 4,368 S 2,937 $ 8.72 $ 6.39 $ 0.02 6.42 $ 5.54 0.01 5.55 $ 8.72 $ $ 8.64 $ 6.34 $ 0.02 6.36 $ 5.50 0.01 5.51 $ 8.64 $ 500.6 505.4 510.9 515.6 528.6 5332