Balance sheet relations. Selected balance sheet amounts for TJX Cos., Inc., a retailer of name-brand apparel at
Question:
Balance sheet relations. Selected balance sheet amounts for TJX Cos., Inc., a retailer of name-brand apparel at discount prices, for four recent years appear below (amounts in millions):
a. Compute the missing balance sheet amounts for each of the four years.
b. How did the mix of total assets (that is, the proportion of current versus noncurrent assets) change between Year 8 and Year 9? What factors might account for such a change?
c. How did the mix of total liabilities versus shareholders' equity change between Year 8 and Year 9? What factors might account for such a change?
d. How did the mix of total assets change between Year 9 and Year 10? What factors might account for such a change?
e. How did the mix of total liabilities plus shareholders' equity change between Year 9 and Year 10 ? What factors might account for such a change?
Step by Step Answer:
Financial Accounting An Introduction To Concepts Methods And Uses
ISBN: 9780324183511
10th Edition
Authors: Clyde P. Stickney, Roman L. Weil