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Consolidated Statements of Financial Position (millions of dollars) January 28, 2023 January 29, 2022 January 30, 2021 Assets Cash and cash equivalents $ 2,229 $

Consolidated Statements of Financial Position
(millions of dollars) January 28, 2023 January 29, 2022 January 30, 2021
Assets
Cash and cash equivalents $ 2,229 $ 5,911 $ 8,511
Inventory 13,499 13,902 10,653
Other current assets 2,118 1,760 1,592
Total current assets $ 17,846 21,573 20,756
Property and equipment
Land 6,231 6,164 6,141
Buildings and improvements 34,746 32,985 31,557
Fixtures and equipment 7,439 6,407 5,914
Computer hardware and software 3,039 2,505 2,765
Construction-in-progress 2,688 1,257 780
Accumulated depreciation (22,631) (21,137) (20,278)
Property and equipment, net 31,512 28,181 26,879
Operating lease assets 2,657 2,556 2,227
Other noncurrent assets 1,320 1,501 1,386
Total assets $ 53,335 $ 53,811 $ 51,248
Liabilities and shareholders' investment
Accounts payable $ 13,487 $ 15,478 $ 12,859
Accrued and other current liabilities 5883 6,098 6,122
Current portion of long-term debt and other borrowings 130 171 1,144
Total current liabilities $ 19,500 21,747 20,125
Long-term debt and other borrowings 16,009 13,549 11,536
Noncurrent operating lease liabilities 2,638 2,493 2,218
Deferred income taxes 2,196 1,566 990
Other noncurrent liabilities 1,760 1,629 1,939
Total noncurrent liabilities 22,603 19,237 16,683
Shareholders' investment
Common stock 38 39 42
Additional paid-in capital 6,608 6,421 6,329
Retained earnings 5,005 6,920 8,825
Accumulated other comprehensive loss (419) (553) (756)
Total shareholders' investment 11,232 12,827 14,440
Total liabilities and shareholders' investment $ 53,335 $ 53,811 $ 51,248
Consolidated Statements of Operations Years Ending Jan 28, 2023, Jan 29, 2022, Jan 30, 2021, respectively
(millions) Mostly 2022 Mostly 2021 Mostly 2020
Sales $ 107,588 $ 104,611 $ 92,400
Other revenue 1,532 1,394 1,161
Total revenue 109,120 106,005 93,561
Cost of sales 82,229 74,963 66,177
Selling, general and administrative expenses 20,658 19,752 18,615
Depreciation and amortization* 2,385 2,344 2,230
Operating income 3,848 8,946 6,539
Net interest expense 478 421 977
Net other (income) / expense -48 (382) 16
Earnings from continuing operations before income taxes 3,418 8,907 5,546
Provision for income taxes 638 1,961 1,178
Net earnings $ 2,780 $ 6,946 $ 4,368
*Depreciation and amortization (exclusive of depreciation included in cost of sales)

Compute ratios for both the current and prior year.

Note that a ratio of .204 is often (not always) expressed in percentage terms as 20.4%. Round to the third place. Use common conventions, as shown to the textbook. For example, we do not usually express the Inventory turn ratio as a percent.

When it says 2022 that means it is for the year ending Jan 28, 2023. Most of the year was in 2022 and so it makes more sense to refer to the 11 months in 2022. The 2020 year is for Jan 29, 2022.

Compute ratios for both the current and prior year. :

  • Gross Margin [(Sales-COS)/Sales] - do not include "Other Revenue"
  • Provision for Income taxes as a percent of Earnings Before Taxes. Compute as follows:(Provision for Income Taxes / Earnings Before Taxes)
  • Return on Assets
  • Debt to Assets Ratio

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