Note: Refer to the financial statements of Target in Appendix B and Walmart in Appendix C$.$

Required:

Total assets is a common measure of the size of a company. Which company had the higher total assets at the end of the most recent year? $($Note: Some companies will label a year that has a January $30$ year$-$end as having a fiscal year$-$end dated one year earlier. For example, a January $30,2021$ year$-$end may be labeled as Fiscal $2020$ because the year actually has more months that fall in the $2020$ calendar year than in the $2021$ calendar year.$)$

Net sales $($or net revenue$)$ is also a common measure of the size of a company. Which company had the higher net sales for the most recent year?

Both companies sell a wide variety of general merchandise and food. In what account would you find the general merchandise and food in the companies$$ stores and warehouses at year end?