1. Compute these profitability ratios for Target for the two most recent years. If the ratio formula includes Net Sales Revenue, use Total Revenues. If the ratio formula includes Total Stockholders Equity, use Total Shareholders Investment for Target.

• Return on Equity
• Return on Assets
• Net Profit Margin

TARGET CORPORATION 2020 Form 10-K 34 FINANCIAL STATEMENTS Table of Contents Index to Financial Statements Consolidated Statements of Operations $ 2020 92,400 $ 1,161 93,561 66,177 18,615 2019 77,130 $ 982 78,112 54,864 16,233 2018 74,433 923 75,356 53,299 15,723 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 Antidilutive shares Note: Per share amounts may not foot due to rounding. 2,357 4,658 477 (9) 4,190 921 3,269 12 3,281 $ 2,224 4,110 461 (27) 3,676 746 2,930 7 2,937 $ 4,368 $ $ 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 $ 500.6 505.4 510.9 515.6 528.6 533.2 TARGET CORPORATION 2020 Form 10-K 36 FINANCIAL STATEMENTS Table de content Index to Financial Statements Consolidated Statements of Financial Position January 30, February 1, 2021 2020 8,511 $ 10,653 1,592 20,756 2,577 8,992 1,333 12,902 6,141 31,557 5,914 2,765 780 (20,278) 26,879 2,227 1,386 51,248 $ 6,036 30,603 6,083 2,692 533 (19,664) 26,283 2,236 1,358 42.779 $ (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 9,920 4,406 161 14,487 11,338 2,275 1,122 1,724 16,459 990 1,939 16,683 42 6,329 8,825 (756) 14,440 51,248 $ 42 6,226 6,433 (868) 11,833 42,779 $