1. What are the total revenues for Walmart? What are the total revenues for Target? How many times larger are Walmarts revenues than Targets revenues? Use the most current year for each company.

TARGET CORPORATION 2020 Form 10-K 34 FINANCIAL STATEMENTS Table of Contents Index to Financial Statements Consolidated Statements of Operations $ 2020 92,400 $ 1,161 93,561 66,177 18,615 2019 77,130 $ 982 78,112 54,864 16,233 2018 74,433 923 75,356 53,299 15,723 2,230 6,539 977 16 5,546 1,178 4,368 (millions, except per share data) Sales Other revenue Total revenue Cost of sales Selling, general and administrative expenses Depreciation and amortization (exclusive of depreciation included in cost of sales) Operating income Net interest expense Net other (income) /expense Earnings from continuing operations before income taxes Provision for income taxes Net earnings from continuing operations Discontinued operations, net of tax Net earnings Basic earnings per share Continuing operations Discontinued operations Net earnings per share Diluted earnings per share Continuing operations Discontinued operations Net earnings per share Weighted average common shares outstanding Basic Diluted Antidilutive shares Note: Per share amounts may not foot due to rounding. 2,357 4,658 477 (9) 4,190 921 3,269 12 3,281 $ 2,224 4,110 461 (27) 3,676 746 2,930 7 2,937 $ 4,368 $ $ 8.72 $ 6.39 $ 0.02 6.42 $ 5.54 0.01 5.55 $ 8.72 $ $ 8.64 $ 6.34 $ 0.02 6.36 $ 5.50 0.01 5.51 $ 8.64 $ 500.6 505.4 510.9 515.6 528.6 533.2 Walmart Inc. Consolidated Statements of Income 2021 Fiscal Years Ended January 2020 555,233 3,918 559,151 519,926 4,038 523,964 420,315 116,288 22,548 394,605 108,791 20,568 (Amounts in millions, except per share data) Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses Operating income Interest: Debt Finance, capital lease and financing obligations Interest income Interest, net Other (gains) and losses Income before income taxes Provision for income taxes Consolidated net income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart 1,976 339 (121) 2,194 (210) 20,564 2,262 337 (189) 2,410 (1,958) 20,116 4,915 15,201 (320) 14,881 6,858 13,706 (196) 13,510 Net income per common share: Basic net income per common share attributable to Walmart Diluted net income per common share attributable to Walmart $ 4.77 4.75 5.22 5.19 Weighted average common shares outstanding: Basic Diluted 2,831 2,847 2,850 2,868 Dividends declared per common share 2.16 $ 2.12