Refer to the financial statements of Target Corporation in Appendix B and Walmart Inc. in Appendix C.

Data from in Appendix B

Data from in Appendix C

 

Required:
1. 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, yearend 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.)
a. Target
b. Walmart
2. 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?
a. Target
b. Walmart
3. 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?
a. Property and equipment
b. Cost of sales
c. Accounts payable
d. Inventory or Inventories

Transcribed Image Text:

Consolidated Statements of Financial Position (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 January 30, February 1, 2021 2020 $ 8,511 $ 10,653 1,592 20,756 6,141 31,557 5,914 2,765 780 (20,278) 26,879 2,227 1,386 $ 51,248 $ 2,577 8,992 1,333 12,902 6,036 30,603 6,083 2,692 533 (19,664) 26,283 2,236 1,358 42,779