???? Kohl s Corporation (the Company, Kohl s, we, our or us ) was organized in 1988
Fantastic news! We've Found the answer you've been seeking!
Transcribed Image Text:
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 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
Expert Answer:
Answer rating: 100% (QA)
Dater Balence shet 2010 Cash Account seceivable 723 Marketable S... View the full answer
Posted Date:
Students also viewed these general management questions
-
What has happened to the number of people on welfare since 1994? What explains the change over time?
-
What has happened to the position of the U.S. market demand curve for chewing gum? Explain briefly.
-
What has happened to the value of the dollar against the euro in the last six months? What might account for this?
-
Suppose you were required to use a micrometeorite shield no more than 0.01 meters thick. What would be the required toughness of the material from which that shield was made if the shield must...
-
Mobil Corporation (Mobil) made a tender offer to purchase up to 40 million outstanding common shares of stock in Marathon Oil Company (Marathon) for $ 85 per share in cash. It further stated its...
-
Discuss the legality of online gambling in the United States. Discuss the legality of running an online gambling Web site in the United States.
-
A useful expansion is Use this to express the exponential in equation (13.20) in linear terms of powers of \(\Delta t\) up to first order. Note that this differs from the expression in (13.19), so...
-
Teller Co. sold 20,000 units of its only product and incurred a $70,000 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2010s activities, the production...
-
The concentration of two medicines Prinivil and Zestril in the bloodstream x hours after being injected are: Prinivil: f(x) = xe* and Zestril: h(x) = xe x>0 When (if at all) does Prinivil disperse...
-
Go to the Structural Styles section and create a style rule that sets the background color of the browser window to rgb(173, 189, 227). Create a style rule for the body element that sets the...
-
Which of the following is NOT true regarding election for personal assessment? A) The election for personal assessment must be in writing. B) The elector must be aged 18 or above. C) An individual...
-
Ed sends to Sax, Inc., a written order for software to be specially designed, offering a certain amount of money. If Sax does not respond, it can be considered to have accepted the offer a. after a...
-
A promise to do what one already has a legal duty to do is not legally sufficient consideration under most circumstances. (True/False)
-
Pleadings consist of a complaint, an answer, and a motion to dismiss.(True/False)
-
Ordinarily, ignorance of the law is a valid defense to criminal liability. (True/False)
-
Digit Electronics places an ad announcing a sale of its inventory at public auction. At the auction, Digits auctioneer points to a new seventy-five-inch 8K TV and asks, What am I bid for this item?...
-
1) Give a detailed description of Sephora's social media strategies and practices in the Facebook social media platform 2) from Sephora's Facebook social media marketing what are their remarkable...
-
Match each of the key terms with the definition that best fits it. _______________ A record of the sequence of data entries and the date of those entries. Here are the key terms from the chapter. The...
-
Consider expansion of a function in terms of a series \(F_{n}(x)\) in the following form: \[f(x)=\sum_{n} A_{n} F_{n}(x)\] If the functions \(F_{n}\) are orthogonal then this property helps to unfold...
-
A concrete wall \(20 \mathrm{~cm}\) thick is initially at a temperature of \(20^{\circ} \mathrm{C}\), and is exposed to steam at pressure \(1 \mathrm{~atm}\) on both sides. Find the time for the...
-
Analyze the transient problem with the Dirichlet condition for a long cylinder and for a sphere. Derive expressions for the eigenfunctions, eigenconditions, and eigenvalues. Find the series...
Study smarter with the SolutionInn App