Selected balance sheet amounts for Sears Holdings Corp., a retail company, for four recent fiscal years follow:

REQUIRED:

a. Compute the missing balance sheet amounts for each of the four years shown.

b. What asset category do you expect to constitute the majority of the company's current assets?

c. Calculate SHLD's current ratio for fiscal years 2014 and 2017.

d. Recent popular press articles have described SHLD's declining sales and deteriorating financial condition. What indications of financial deterioration do you see in the balance sheet numbers?

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Non- Non- Current current Total Current current Total ($ millions) Assets Assets Assets Liabilities Liabilities Liabilities Equity 2014..... $5,863 $7,322 ? $5,595 $3.535 $14, 130 2015. 5.292 11,337 ? 7.855 13,293 .... .. 2016. 4,996 9,362 4,681 13,186 (3,824) .... 2017.. 3,812 3,450 ? 4,915 10,985