Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How to get picture 1 Cost of Sales and picture 2 Net Income or Net Earnings, thank you. February 1, 2020 February 2 2019 Year
How to get picture 1 "Cost of Sales" and picture 2 "Net Income or Net Earnings", thank you.
February 1, 2020 February 2 2019 Year Ended February 3, 2018 Jamiary 28, 2017 January 30, 2016 3. Total Assets S S Total Liabilities Total Equity or Total Shareholders Investments Financial Statement Name as stated in the 10-K Statement of Operations Data: Net sales Gross profit Selling, general and administrative expenses Operating income (loss) 23,610.8 S 7,040.7 5.778.5 1.262.2 22,823.3 $ 6.947.5 7.887.0 (939.3) 22455 7,021.9 5,022.8 1.999.1 20,719.2 S 6.394.7 4,6999 1.704.8 15,498,4 4.656.7 3.607.0 1.049.7 $19.574.6 $6.258.8 56.254.8 Dollar Tree, Inc. Numbers are stated in: Millions Balance Sheet Data: page 25 23 Table of Contents S42,779 $11.499 $31,280 Target Corporation Numbers are stated in: Millions Item 6. Selected Financial Data Fehmary, ! 2020 February 2 2019 (1.590.8) ) Year Ended February 3 2018 January 28, 2017 Jamiary 30, 2016 Page 15 827,0 1.714.3 8962 282.4 30.4% 30.1% Compare and Contrast the size of the net assets (same as book value or same as equity) of the two companies 30.8% 22.6 34.5% Net income (loss) Margin Data (as a percentage of net sales): Gross profit Selling, general and administrative expenses Operating income (loss) Net income (loss) Per Share Data: Diluted net income (loss) per share(1) Diluted net income (loss) per share increase (decrease) 29.8% 24.5% 5.39 3.3% % 31.6% 22.6% 9.0% 7.7% 82 6.8% 1.8% (7.01% 4.3% From the data point of view, Target's net asset size is more than double that of Dollar Tree, reaching $42.779. s S 3.47 S (6.69) $ 7.21 $ 3.78 $ 1.26 151.99 % (192.8% 90.7% 200.0% (56.67% 4.- Cost of Salese Sales or Net Sales Net Income or Net Earnings Financial Statement Name February 1 1. 2020 Tebruary 2 2019 As of February 3 3. 2018 January 28. 2017 January 30, 2016 Dollar Tree, Inc. $23.610.82 $827.02 Income Statement Data: S Numbers are stated in: Millions $ Balance Sheet Data: Cash and cash equivalents and short term investments Working capital Total assets Total debt Total operating lease liabilities Shareholders' equity 539.2 S 722.9 19,574.6 3,800.0 6,258.8 6.254.8 422.1 2.197.6 13.01.2 4.300.0 1,097.8 1.717.2 16,332.8 3,732.7 870.4 S 1.832.1 15.701.6 6.391.8 740.1 1.840.5 15.901.2 7.463.3 page 23-24 $77,130- Target Corporation- $54,864 Segment Results, After- 5.642.9 7,182.3 5.389.5 4,406.9 February 1, 2020 February 2. 2019 Year Ended February 3, 2018 January 28, 2017 January 30. 2016 14.334 15,237 7,001 8.236 13,851 5,954 7.897 15.288 7.505 7.783 149.8 80.6 692 121.3 148.3 75.4 72.9 120.1 132.1 642 14,825 6,650 8,183 143.9 71.6 72.3 116.6 57.3 39.3 Selected Operating Data: Number of stores open at end of period Dollar Tree Family Dollar Gross square footage at ead of period Dollar Tree Family Dollar Selling square footage at end of period Dollar Tree Family Dollar Selling square footage annual growth(3) Net sales annual growth(2) Comparable store net sales increase(2) Nel sales per selling square fool(3) Net sales per store(3) Selected Financial Ratios Return on assets(3) Return on equity(3) Inventory turns(3) 67.9 108.4 51.3 57.1 60.3 39.8 6,360 7,974 138.8 68.5 70.3 112.4 54.7 37.7 3.7% 8.6% 1.8% 188 1.5 Numbers are stated in: Millions Tax Return on Invested Capital 64.6 36,7 1.0% 3.5% 1.89 1965 1.3 $ 7.4% Page 17,21 2.6% 1.7% 193 1.5 8.5% 2.1% 191 1.6 s $ 1.99 194 1.3 S S S S S S Compare and Contrast the size of sales and net income of the two companies. From the data point of view, Target's sales are more than three times that of Dollar Tree, reaching $77,130, But Target's Cost of Sales reached $54,864, and the final net profit was $3,528, which is only twice as much as Dollar Tree 5.0% 13.9% 4.0 (10.7% (24.8% 4.1 10.7% 27.3% 5.7% 18.3% 4.1 31.5% 4.5 3. Total Assets Total Liabilities Total Equity or Total Shareholders Investments Financial Statement Name as stated in the 10-Ke MANAGEMENTS DISCUSSION AND ANALYSIS Table of Contents Index to Financial EXECUTIVE SUMMARY & ANALYSIS OF OPERATIONS Statements Earnings Per Share From Percent Change Continuing Operations 2019 2018 2017 (a) 2019/2018 2018/2017 GAAP diluted earnings per share S 6.34 S 5.50 $ 5.29 15.4 % 4.0 % Adjustments 0.05 (0.10) (0.60) Adjusted diluted earnings per share S 6.39 $ 5.39 $ 4.69 18.4 % 15.1 % Note: Amounts may not foot due to founding Adjusted diluted earnings per share from continuing operations (Adjusted EPS), a non-GAAP metric, excludes the impact of certain items. Management believes that Adjusted EPS is useful in providing period-to-period comparisons of the results of our continuing operations. A reconciliation of non-GAAP financial measures to GAAP measures is provided on page 21 (a) Consisted of 53 weeks. $19,574.60 56,258.8 $6,254.8 Dollar Tree, Inc. Numbers are stated in: Millions Balance Sheet Data: page 25 $42.779 $11.499 $31,280 Target Corporation Numbers are stated in: Millions Item 6. Selected Financial Data- We report after-tax return on invested capital (ROIC) from continuing operations because we believe ROIC provides a meaningful measure of our capital-allocation effectiveness over time. For the trailing twelve months ended February 1, 2020, ROIC was 16.0 percent, compared with 14.7 percent for the trailing twelve months ended February 2, 2019. The calculation of ROIC is provided on page 22. Page 15 Analysis of Results of Operations Compare and Contrast the size of the net assets (same as book value or same as equity) of the two companies. From the data point of view, Target's net asset size is more than double that of Dollar Tree, reaching S42,779 2018 $ 74.433 S 2019 77,130 $ 982 78,112 54,864 16.233 Summary of Operating Income (dollars in millions) Sales Other revenue Total revenue Cost of sales SGSA expenses Depreciation and amortization (exclusive of depreciation included in cost of sales) Operating income (a Consisted of 53 weeks. 4. Percent Change 2017(a) 2019/2018 2018/2017 71,786 3.6 % 3.7 % 928 6.3 (0.5) 72,714 3.7 3.6 51,125 2.9 4.3 15,140 3.2 3.9 923 75,356 53,299 15,723 e Cost of Salese Sales or Net Sales Net Income or Net Earnings- Financial Statement Name 2.357 4,658 $ 2.224 4,110 S 2,22% 4,224 6.0 13.3 % (0.1) (2.71% $ Dollar Tree, Inc.- $23,610.82 $827.0 Income Statement Data: Numbers are stated in: Millions page 23-24 $77,130 $54,864 Target Corporation Segment Results, After- Rate Analysis 2019 2018 2017(e) Gross margin rate 28.9 % 26.4 % 28.8 % SG&A expense rate 20.8 20.9 20.8 Depreciation and amortization (exclusive of depreciation included in cost of sales) expense rato 3.0 3.0 3.1 Operating income margin rate 6.0 5.5 5.B Note: Gross margin rate is calculated as gross margin (sales less cost of sales) divided by sales. All other rates are calculated by dividing the applicable amount by total revenue. (a) Consisted of 53 weeks. 26 A discussion regarding Results of Operations and Analysis of Financial Condition for the year ended February 2, 2019, as compared to the year ended February 3, 2018, is included in Part II. ltem 7. MD&A to our Annual Report on Form 10-K for the fiscal year ended February 2, 2019, TARGET CORPORATION 2019 Form 10-K 17 MANAGEMENT'S DISCUSSION AND ANALYSIS Numbers are stated in: Millions Tax Return on Invested Capital Page 17,212 Table of Contents Index to Financial Statements ANALYSIS OF OPERATIONS Sales Compare and Contrast the size of sales and net income of the two companies. From the data point of view, Target's sales are more than three times that of Dollar Tree, reaching $77,130. But Target's Cost of Sales reached $54,864, and the final net profit was $3,528, which is only twice as much as Dollar Tree Sales include all merchandise sales, net of expected returns, and our estimate of gift card breakage. Note 2 to the Financial Statements defines gift card 'breakage. We use comparable sales to evaluate the performance of our stores and digital channel sales by measuring the change in sales for a period over the comparable, prior-year period of equivalent length. Comparable sales include all sales, except sales from stores open less than 13 months, digital acquisitions we have owned less than 13 months, stores that have been closed, and digital acquisitions that we no longer operate. Comparable sales measures vary across the retail industry. As a result, our comparable sales calculation is notStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started