Refer to Best Buys financial statements in Appendix A to answer the following. 1. Identify the items

Question:

Refer to Best Buy’s in Appendix A to answer the following.
1. Identify the items that make up Best Buy’s long-term debt at February 28, 2009. (Hint: See its note 6.)
2. How much annual cash interest must be paid on its convertible assuming a 2.25% interest rate?
3. How much cash did it generate from issuance of debt for the year-ended February 28, 2009? How much cash did it use for repayments of debt for that same year?
Debentures
Debenture DefinitionDebentures are corporate loan instruments secured against the promise by the issuer to pay interest and principal. The holder of the debenture is promised to be paid a periodic interest and principal at the term. Companies who... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...