????

Kohl s Corporation (the Company, Kohl s, we, our or us ) was organized in 1988 and is a Wisconsin corporation. As of February 1, 2020, we operated 1,159 Kohl s stores, a website (www.Kohls.com), and 12 FILA outlets. Our Kohl s stores and website sell moderately-priced private and national brand apparel, footwear, accessories, beauty, and home products. Our Kohl s stores generally carry a consistent merchandise assortment with some differences attributable to local preferences. Our website includes merchandise that is available in our stores, as well as merchandise that is available only online. Our merchandise mix includes both national brands and private brands that are available only at Kohl s. Our private portfolio includes well-known established brands such as Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, and exclusive brands that are developed and marketed through agreements with nationally-recognized brands such as Food Network, LC Lauren Conrad, and Simply Vera Vera Wang. Compared to private brands, national brands generally have higher selling prices, but lower gross margins. The following tables summarize our sales penetration by line of business and brand type over the last three years: Women s 2018 2019 28% 2017 30% KOHL S CORPORATION Men s 2018 & 2019 21% 2017 20% Accessories 2018 & 2019 9% 2017 5% 2017 13% 2017 19% Children s 2018 & 2019 13% 2017 9% Footwear 2018 & 2019 10% Home 2018 & 2019 19% Private Brands 2019 37% 2018 39% 2017 4275 National Brands 2017 58% 2018 61% 2019 63% (Dollars in Millions) Assets Current assets: Cash and cash equivalents Merchandise inventories Other Total current assets Property and equipment, net Operating leases Other assets Total assets Liabilities and Shareholders Equity Current liabilities: Accounts payable Accrued liabilities KOHL S CORPORATION CONSOLIDATED BALANCE SHEETS Income taxes payable Current portion of: Finance lease and financing obligations Operating leases Total current liabilities Long-term debt Finance lease and financing obligations Operating leases Deferred income taxes Other long-term liabilities Shareholders equity: Common stock - 375 and 374 million shares issued Paid-in capital Treasury stock, at cost, 219 and 211 million shares Retained earnings Total shareholders equity Total liabilities and shareholders equity $ $ February 1, 2020 723 $ 3,537 389 4,649 7,352 2,391 163 14,555 $ 1,206 $ 1,233 48 124 158 2,769 1,856 1,367 2,619 260 234 4 3,272 (11,571) 13,745 $ $ See accompanying Notes to Consolidated Financial Statements 5,450 $ 14,555 $ February 2, 2019 934 3,475 426 4,835 7,428 206 12,469 1,187 1,364 64 115 2,730 1,861 1,523 184 644 4 3,204 (11,076) 13,395 5,527 12,469 1 2 From the Financial Statements for Kohl s, identify the following items and input amounts into the shaded cells. If Kohl s does not have an account requested put 0 (zero). Balance Sheet (February 1, 2020 amounts only) Balance Sheet (February 1, 2020 and February 2, 2019 amounts) Cash 2020 Liquidity Accounts Receivable Marketable Securities Total Current Assets Total Current Liabilities Total Liabilities Compute the Following ratios (please input into shaded cell) Current Ratio Acid Test Asset Management Average Inventory Sale period Debt Management Debt to equity Times Interest Earned Profitability Return on Equity Net Profit Margin Market Performance Dividend Payout Inventory Total Stockholders Equity Display answer to two decimal places. (1 point) (1 point) (2 points) (1 point (2 points) (2 points) (1 point) (1 point) 2019 (11 points, as indicated) Income Statement (2019 only) Sales Cost of Goods Sold Interest Expense Income Tax Expense Net Income Basic Earnings per share (14 Points 1 point per account) Dividends $ 2.68