\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{c} Target Corporation \\ Consolidated Statements of Financial Position \end{tabular}} \\ \hline For Fiscal Years Ended (\$ millions) & \begin{tabular}{l} Feb. 2, \\ 2019 \end{tabular} & \begin{tabular}{l} Feb. 3, \\ 2018 \end{tabular} \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Cash and cash equivalents & $1,556 & $2,643 \\ \hline Inventory & 9,497 & 8,597 \\ \hline Other current assets & 1,466 & 1,300 \\ \hline Total current assets & 12,519 & 12,540 \\ \hline \multicolumn{3}{|l|}{ Property and equipment } \\ \hline Land & 6,064 & 6,095 \\ \hline Buildings and improvements & 29,240 & 28,131 \\ \hline Fixtures and equipment & 5,912 & 5,623 \\ \hline Computer hardware and software & 2,544 & 2,645 \\ \hline Construction-in-progress & 460 & 440 \\ \hline Accumulated depreciation & (18,687) & (18,398) \\ \hline Property and equipment, net & 25,533 & 24,536 \\ \hline Operating lease assets & 1,965 & 1,884 \\ \hline Other noncurrent assets & 1,273 & 1,343 \\ \hline Total assets & $41,290 & $40,303 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Shareholders' investment } \\ \hline Accounts payable & $9,761 & $8,677 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Liabilities and Shareholders' investment & & \\ \hline Accounts payable & $9,761 & $8,677 \\ \hline Accrued and other current liabilities & 4,201 & 4,094 \\ \hline Current portion of long-term debt and other borrowings & 1,052 & 281 \\ \hline Total current liabilities & 15,014 & 13,052 \\ \hline Long-term debt and other borrowings & 10,223 & 11,117 \\ \hline Noncurrent operating lease liabilities & 2,004 & 1,924 \\ \hline Deferred income taxes & 972 & 693 \\ \hline Other noncurrent liabilities & 1,780 & 1,866 \\ \hline Total noncurrent liabilities & 14,979 & 15,600 \\ \hline Shareholders' investment & & \\ \hline Common stock & 43 & 45 \\ \hline Additional paid-in-capital & 6,042 & 5,858 \\ \hline Retained earnings & 6,017 & 6,495 \\ \hline Accumulated other comprehensive loss & (805) & (747) \\ \hline Total shareholders' investment & 11,297 & 11,651 \\ \hline Total liabilities and shareholders' investment & $41,290 & $40,303 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|l|}{\begin{tabular}{l} Target Corporation \\ Consolidated Statements of Operations \end{tabular}} \\ \hline 12 Months Ended ( 5 millions) & Feb. 2, 2019 & Feb. 3, 2018 & Jan. 28, 2017 \\ \hline Total revenue & $75,356 & $72,714 & $70,271 \\ \hline Cost of sales & 53,299 & 51,125 & 49,145 \\ \hline Selling general and administrative expenses & 15,723 & 15,140 & 14,217 \\ \hline Depreciation and amortization (exclusive of depreciation included in cost of sales) & 2,224 & 2,225 & 2,045 \\ \hline Operating income & 4,110 & 4,224 & 4,864 \\ \hline Net interest expense & 461 & 653 & 991 \\ \hline Net other (income) expense & (27) & (59) & (88) \\ \hline Earnings from continuing operations before income taxes & 3,676 & 3,630 & 3,961 \\ \hline Provision for income taxes & 746 & 722 & 1,295 \\ \hline Net earnings from continuing operations & 2,930 & 2,908 & 2,666 \\ \hline Discontinued operations, net of tax & 7 & 6 & 68 \\ \hline Net earnings & $2,937 & $2,914 & $2,734 \\ \hline \end{tabular} Instructions: - Round answers to the nearest whole number. - Do not use negative signs with any of your answers. Assumptions (\$ millions) \begin{tabular}{|l|r|} \hline Inventory as \% Total revenue & 12.6% \\ \hline Other current assets as \% Total revenue & 1.9% \\ \hline Operating lease assets as \% Total revenue & 2.6% \\ \hline Other noncurrent assets as \% Total revenue & 1.7% \\ \hline Accounts payable as \% Total revenue & 13.0% \\ \hline Accrued and other current liabilities as \% Total revenue & 5.6% \\ \hline Noncurrent operating lease liabilities & No change \\ \hline Deferred income taxes as \% Total revenue & 1.3% \\ \hline Other noncurrent liabilities as \% Total revenue & 2.4% \\ \hline Common stock & No change \\ \hline Additional paid-in capital & No change \\ \hline Accumulated other comprehensive loss & No change \\ \hline CAPEX/Current period total revenue & 4.70% \\ \hline Dividends for year ended February 2019 & $1,335 \\ \hline Dividend payout & 45.5% \\ \hline Stock buybacks per year & $0 \\ \hline Long term debt, current portion at February 2019 & $1,052 \\ \hline Long term debt, current portion at February 2020 & $1,002 \\ \hline Long-term debt, current portion at February 2021 & $1,094 \\ \hline \end{tabular} Target Corporation Consolidated Statements of Financial Position For Fiscal Years Ended (\$ millions) Feb. 2020 Feb. 2021 \begin{tabular}{|c|c|c|} \hline Assets & & \\ \hline Cash and cash equivalents & 0 & $ \\ \hline Inventory & 0 & 0 \\ \hline Other current assets & 0 & 0 \\ \hline Total current assets & 0 & 0 \\ \hline Property and equipment & 0 & 0 \\ \hline Operating lease assets & 0 & 0 \\ \hline Other noncurrent assets & 0 & 0 \\ \hline Total assets & 0 & $ \\ \hline Liabilities and Shareholders' investment & & \\ \hline Accounts payable & $ & $ \\ \hline Accrued and other current liabilities & 0 & 0 \\ \hline Current portion of long-term debt and other borrowings & 0 & 0 \\ \hline Total current liabilities & 0 & 0 \\ \hline Long-term debt and other borrowings & 0 & 0 \\ \hline Noncurrent operating lease liabilities & 0 & 0 \\ \hline Deferred income taxes & 0 & 0 \\ \hline Other noncurrent liabilities & 0 & 0 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Operating lease assets & 0 & & 0 \\ \hline Other noncurrent assets & 0 & & 0 \\ \hline Total assets & $ & $ & 0 \\ \hline \multicolumn{4}{|l|}{ Liabilities and Shareholders' investment } \\ \hline Accounts payable & $ & $ & 0 \\ \hline Accrued and other current liabilities & 0 & & 0 \\ \hline Current portion of long-term debt and other borrowings & 0 & & 0 \\ \hline Total current liabilities & 0 & & 0 \\ \hline Long-term debt and other borrowings & 0 & & 0 \\ \hline Noncurrent operating lease liabilities & 0 & & 0 \\ \hline Deferred income taxes & 0 & & 0 \\ \hline Other noncurrent liabilities & 0 & & 0 \\ \hline Total noncurrent liabilities & 0 & & 0 \\ \hline \multicolumn{4}{|l|}{ Shareholders' investment } \\ \hline Common stock & 0 & & 0 \\ \hline Additional paid-in-capital & 0 & & 0 \\ \hline Retained earnings & 0 & & 0 \\ \hline Accumulated other comprehensive loss & 0 & ) & 0 \\ \hline Total shareholders' investment & 0 & b & 0 \\ \hline Total liabilities and shareholders' investment & $ & $ & 0 \\ \hline \end{tabular}