For numbers 39-51, identify the appropriate formula and calculate the following ratios for 2015 and 2014 "AND analyze the results. (Market performance ratios (earnings per share, book value per share, price-earnings ratio, and dividend yield are already computed and included in the template.) NOTE: You will need to use the 2014 reports in order to calculate averages where applicable. Measures of liquidity (15 pts) 43. Average days to sell inventony Measures of solvency (15 pts) 44. Debt to assets 45. Debt to equity 46. Number of times interest earned 47. Plant assets to long-term liabilities Measures of profitability (15 pts)+5 48. Net margin (return on sales) 49. Asset turnover 50. Return on investment 51. Return on equity Consolidated Statements of Financlal Posltion January 30, 16 January 31 foothole's Assets Cash and cash equivalents, Including short-term investments of $3,008 and $1,520$4,046 $2,210 8,6018282 ,058 2,074 13,624 Assets of discontinued operations Other current assets 322 161 14,130 Total curent assets Property and equipment Land 6,125 6,127 27,05926,613 5,329 2,552 424 (16.246)(15,093 25,952 Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress 5,347 2,617 315 cumulated de preciation Property and equipment net Noncurrent assets of discontinued operations Other noncurrent assets Total assets Liabilities and shareholders' investment Accounts payable Accrued and other current liabilities Current porton of long-term debt and other borrowings 25,217 75 840 879 S40,262 $ 41,172 7,759 3,783 4,236 81591 Liablities of discontnued operations 153 12,622 11,945 103 1,736 12,634 1,160 193 1452 15 439 Total current liablitiesR Long-term debt and other borrowings Deferred income taxes Noncurrent liabilities of discontinued operations Other noncurrent liabilities 18 1,897 14,683 Total noncurrent liabilities Shareholders' inve stment 50 53 Common stock Additional paid-in capital Retained earnings 8,188 9,644 lated other comprehensive loss Pension and other benefit liabilities Currency translation adjustment and cash fow hedges (588) (561) 12.957 Total shareholders' investment Total liabilities and shareholders' investment Common Stock Authorized 6,000,000,000 shares S0.0833 parvalue:602,226 517 sharesissued 13,997 S40,262 $ 41.172 and outstanding at January 30,2016 640.213.97 Consolidated Statements of Cash Flows 2015 2014 2013 millions) rating activities Net earnings/(loss) 3,363 S(1,638) 4,085 2,449 s/ (lossos) from discontinued operations, net of tax 3,321 2,213 (322) 2,694 Net earnings from continuing operations Adjustments to recondile net eamings to cash provided by operations Depreciatian and amorization 1,996 based compensation expense 58 (391) 445 Deferred income taxes Gain on sale Loss on debt extinguishment Noncash (gains)/losses and other, net Changes in operating accounts: Accounts receivable originated at Target Proceeds on sale of accounts recelvable originated at Target 2,703 31 227 512 Other assets Accounts payable and accrued labilities 5,131 4,439 (1,786) 7,519 5,140 704 5,844 Cash provided by operating activities-continuing operations Investing activities (1,438) 28 1,875 (1,886) 70 Expenditures for property and equipment Proceeds rom disposal of property and equipment Proceeds from sale of businesses Change in accounts recelvable originated at third parties Proceeds rom sale of accounts recelvable originated at third parties Cash paid for acquisitions, net of cash as sumed Other investments Cash provided by/ (required for) investing activities-continuing operations 95 3002 (20) 106 (1,605) 130 1280 1,551 489 Financing activitiets Change in commercial paper, net Additions to long-4erm debt Reductions of long-term debt DiMdends paid Repurchase of stock Stock option exercises and related tax benefd Cash required for financing activities (80) ,993 (2,079) (1.205) (3463) (1,006) (1.461) 456 6,364 (1,362) (3,438) 369 Net increase/(decrease) in cash and cash equivdents Cash and cash equivalents at beginning of penod Cash and cash equivalents at end of period Supplemental information 1,836 2.210 4,046 1,515 2.210 S 695 Interest paid, net of captalized interest Income tax es (refunded)/ paid 604 S871 S1043 1.251 1386 and equipment acquired through capital lease obgations Includes cash of our dis continued operations of $25 milion and $59 miBion at February 1, 2014 and February 2, 2013, respectively Indudes cash of our dis continued operations of $25 mdlion at February 1, 2014 Consolidated Statements of Shareholders Investment Common Stock Additional Accumulated Other Stock Par Paid-in Retained Comprehensive (milions, except footnotes) February 2, 2013 Net eamings Other comprehensive income Dividends declared Repurchase of stock Stock options and awards February 1,2014 Net loss Other comprehensive loss Dividends declared Repurchase of stock Stock options and awards January 31, 2015 Net eamings Other comprehensive income Dividends declared Repurchase of stock(44.7)(4) Stock options and awards January 30, 2016 Dividends declared per share were $2.20, $1.99, and $1.65 in 2015, 2014, and 2013, respectively, See accompanying Notes to Consolidated Financial Statements Shares Value Capital EamingsIncome/Loss) Total (576) S 16,558 1,971 (315) (315) (1,051) - (1,478) 546 (891) S 16 231 (1,636) 292 292 1.273) (46) 429 (599) $ 13.997 645.3 $ 54 $ 3925 S 13,155s 1,971 (21.9) (2) (1,051) (1,476) 9.5 545 632.9 $ 53 S 4470 S 12,599 s (1,636) (1,273) (46) (0.8) 8.1 429 640.2 S 53 S 4899 $ 9,644 $ 3,363 3,363 (3030) 1.378) 3441) 1.378) (3445) 450 (629) $ 12,957 6.7 6022 S 50 S 5,348 S 8.188 449