Key financial figures for Best Buy’s fiscal year ended February 26, 2005, follow.

Required

1. What is the total amount of assets invested in Best Buy?
2. What is Best Buy’s return on assets? Its assets at February 28, 2004, equal \($8,652\) (in millions).
3. How much are total expenses for Best Buy in fiscal year 2005?
4. Does Best Buy’s return on assets seem satisfactory if competitors average a 3.2% return?

Fast Forward 5. Access Best Buy’s financial statements (Form 10-K) for fiscal years ending after February 26, 2005, from its Website (BestBuy.com) or from the SEC Website (www.sEC.gov) and compute its return on assets for those fiscal years. Compare the February 26, 2005, fiscal year-end return on assets to any subsequent years’ returns you are able to compute, and interpret the results.

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Key Figure Liabilities + Equity Net income Revenues In Millions $10,294 984 27,433