What is the forecast for 2021's asset turnover? What is the forecast for 2022's asset turnover? What is the forecast for 2023's asset turnover? Explain your three years asset turnover forecast (including resources you used in your analysis):
FINANCIAL STATEMENTS Table of Contents Index to Financial Statements Consolidated Statements of Financial Position January 30, 2021 February 1, 2020 $ 8,511 $ 10,653 1,592 20,756 2,577 8,992 1,333 12,902 6,141 31,557 5,914 2,765 780 (20,278) 26,879 2,227 1,386 51,248 $ 6,036 30,603 6,083 2,692 533 (19,664) 26,283 2,236 1,358 42,779 $ (millions, except footnotes) Assets Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Operating lease assets Other noncurrent assets Total assets Liabilities and shareholders' investment Accounts payable Accrued and other current liabilities Current portion of long-term debt and other borrowings Total current liabilities Long-term debt and other borrowings Noncurrent operating lease liabilities Deferred income taxes Other noncurrent liabilities Total noncurrent liabilities Shareholders' investment Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' investment Total liabilities and shareholders' investment $ 12,859 $ 6,122 1,144 20,125 11,536 2,218 990 1,939 16,683 9,920 4,406 161 14,487 11,338 2,275 1,122 1,724 16,459 42 6,329 8,825 (756) 14,440 51,248 $ 42 6,226 6,433 (868) 11,833 42,779 $ Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 500,877,129 shares issued and outstanding as of January 30, 2021; 504,198,962 shares issued and outstanding as of February 1, 2020. Preferred Stock Authorized 5,000,000 shares, $0.01 par value; no shares were issued or outstanding during any period presented. See accompanying Notes to Consolidated Financial Statements. TARGET CORPORATION O 2020 Form 10-K 37 FINANCIAL STATEMENTS Table of Contents Index to Financial Statements Consolidated Statements of Financial Position January 30, 2021 February 1, 2020 $ 8,511 $ 10,653 1,592 20,756 2,577 8,992 1,333 12,902 6,141 31,557 5,914 2,765 780 (20,278) 26,879 2,227 1,386 51,248 $ 6,036 30,603 6,083 2,692 533 (19,664) 26,283 2,236 1,358 42,779 $ (millions, except footnotes) Assets Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Operating lease assets Other noncurrent assets Total assets Liabilities and shareholders' investment Accounts payable Accrued and other current liabilities Current portion of long-term debt and other borrowings Total current liabilities Long-term debt and other borrowings Noncurrent operating lease liabilities Deferred income taxes Other noncurrent liabilities Total noncurrent liabilities Shareholders' investment Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' investment Total liabilities and shareholders' investment $ 12,859 $ 6,122 1,144 20,125 11,536 2,218 990 1,939 16,683 9,920 4,406 161 14,487 11,338 2,275 1,122 1,724 16,459 42 6,329 8,825 (756) 14,440 51,248 $ 42 6,226 6,433 (868) 11,833 42,779 $ Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 500,877,129 shares issued and outstanding as of January 30, 2021; 504,198,962 shares issued and outstanding as of February 1, 2020. Preferred Stock Authorized 5,000,000 shares, $0.01 par value; no shares were issued or outstanding during any period presented. See accompanying Notes to Consolidated Financial Statements. TARGET CORPORATION O 2020 Form 10-K 37
