1 13.1 2 TO DO 1: Complete the yellow section for the various ratios, pecentages and calculations. LINK formulas. KOHL'S CORPORATION 3 4 5 6 KOHL'S CORPORATION CONSOLIDATED BALANCE SHEETS (SLIGHTLY MODIFIED) 7 Assets (Dollars in Millions) 8 Current assets: 1/31/23 1/31/22 CONSOLIDATED INCOME STATEMENT (SLIGHTLY MODIFIED) (Dollars in Millions, Except per Share Data) 2022 2021 Net sales Other revenue 17,161 937 18,471 962 9 Cash and cash equivalents 10 Merchandise inventories 11 Accounts Receivable 12 Total current assets 13 Property and equipment, net $153 $1,587 Total revenue 18,098 19,433 3,189 3,067 394 369 3,736 5,023 7,926 7,304 14 Operating leases 2,304 2,248 15 Other assets 379 479 16 Total assets $14,345 $15,054 17 Cost of merchandise sold Operating expenses: Selling, general, and administrative Depreciation and amortization Operating income Interest expense, net Income tax expense Net income 11,457 11,437 5,587 5,478 808 838 246 1,680 (34) (260) (97) (482) 115 938 18 Liabilities and Shareholders' Equity 19 Current liabilities: 20 Accounts payable $1,330 $1,683 OTHER INFORMATION AND TIPS Market price per share of stock at year end @1/31/23 @1/31/22 32.37 59.71 21 Accrued liabilities 1,220 1,340 For the year ended 1/31/23 1/31/22 22 Borrowings under revolving credit facility 85 0 Dividends paid (in millions, per year) 23 Current portion of: Capital expenditures (in millions, per year) 243 783 149 570 24 Long-term debt 275 0 25 Finance leases and financing obligations 94 118 2022 2021 26 Operating leases 111 145 Working Capital 27 Total current liabilities 3,115 3,286 Current ratio 28 Long-term debt 1,637 1,910 Inventory turnover 29 Finance leases and financing obligations 2,786 2,133 Days in Inventory 30 Operating leases 2,578 2,479 31 Deferred income taxes 129 206 Accounts Receivable Turnover Average collection period 32 Other long-term liabilities 337 379 Debt to assets ratio 33 Total long-term liabilities 7467 7107 10582 10393 34 Total liabilities 35 Shareholders' equity: 36 Common stock - 378 and 377 million shares issued 4 4 37 Paid-in capital 3,479 38 Treasury stock, at cost, 267 and 246 million shares (13,715) 3,375 (12,975) 39 Retained earnings 13,995 14,257 Asset turnover 40 Total shareholders' equity $3,763 $4,661 Times Interest Earned EARNINGS PER SHARE (NET INCOME/OUT STANDING CHARES) Price-earnings ratio Gross profit rate Profit margin Return on assets Dividend payout ratio 41 Total liabilities and shareholders' equity $14,345 $15,054 Return on Equity Percentage 42 43