Complete Ratio Analysis (showing calculations)

5. days in inventory

6. AR turnover

7. Average collection period

8. Debt to assets ratio

9. cash debt coverage

10. times interest earned

KOHL'S CORPORATION CONSOLIDATED STATEMENTS OF INCOME 2019 2018 2017 $ $ 18,885 1,089 19,974 12,140 19.167 1,062 20.229 12.199 19,036 1,048 20.084 12.176 5,501 991 Dollars in Millions, Except per Share Data Net sales Other revenue Total revenue Cost of merchandise sold Operating expenses: Selling, general and administrative Depreciation and amortization Impairments, store closing and other costs Operating income Interest expense, net (Gain) loss on extinguishment of debt Income before income taxes Provision for income taxes Net income Net income per share: Basic Diluted 5,705 917 113 1,099 207 5,601 964 104 1.361 256 1,416 299 (9) 63 901 210 691 $ 1,042 241 801 $ 1.117 258 859 auto 4.39 $ 4.37 $ 4.88 $ 4.84 $ 5.14 5.12 See accompanying Notes to Consolidated Financial Statements KOHL'S CORPORATION CONSOLIDATED BALANCE SHEETS February 1, February 2 2019 2020 (Dollars in Millions) Assets Current assets: Cash and cash equivalents Merchandise inventories Other Total current assets Property and equipment, net Operating leases Other assets Total assets 723 $ 3,537 389 4,649 7,352 2,391 163 14,555 $ 934 3,475 426 4,835 7,428 $ 206 12,469 1,206 1,233 48 391883333 34313943 " 1,187 1,364 64 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable Current portion of: Finance lease and financing obligations Operating leases Total current liabilities Long-term debt Finance lease and financing obligations Operating leases Deferred income taxes Other long-term liabilities Shareholders' equity: Common stock - 375 and 374 million shares issued Paid-in capital Treasury stock, at cost, 219 and 211 million shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 115 124 158 2,769 1,856 1,367 2,619 260 234 2,730 1,861 1,523 184 644 3,272 (11,571) 13,745 5,450 $ 14,5555 3,204 (11.076) 13,395 5,527 12,469