Best Buy Co, Inc is a leading retailer specializing in consumer electronics A condensed income statement and balance sheet for the fiscal year ended February 28, 2009, are shown below Required 1 Determine the following ratios for Best Buy for its fiscal year ended February 28, 2009 1 Current ratio ...

Requirement 1 a Current ratio 8192 8435 97 b Acidtest ratio 498 11 ...

Best Buy Co, Inc. is a leading retailer specializing in consumer electronics. A condensed income statement and

Question:

Best Buy Co, Inc. is a leading retailer specializing in consumer electronics. A condensed income statement and for the fiscal year ended February 28, 2009, are shown below.

Required:
1. Determine the following ratios for Best Buy for its fiscal year ended February 28, 2009:
1. Current ratio
2. Acid-test ratio
3. Debt to equity ratio
4. Times interest earned ratio
2. Using the ratios from requirement 1, assess Best Buy's liquidity and relative to its industry.

Solvency
Solvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...