16 (1 point) Constellation Brands 'Return on Assets' was in the most recent fiscal year. Constellation Brands Consolidated Balance Sheets In millions As of As of As of Feb 28, 2021 Feb 28, 2020 Feb 28, 2019 ASSETS Cash & cash equivalents $460.6 $81.4 $93.6 Accounts receivable 785.3 864.8 846.9 Inventories 1,291.1 1,373.6 2,130.4 Prepaid expenses and other current assets 507.5 1,164.3 613.1 Total current assets 3,044.5 3,484.1 3,684.0 Property, plant and equipment, net 5,821.6 5.333.0 5,267.3 Goodwill 7,793-5 7.757.1 8,088.8 Intangible assets, net 2,732.1 2,718.9 3,198.1 Equity method investments 2,788.4 3,093-9 3,465.6 Securities measured at fair value 1,818.1 1,117.1 3,234-7 Other long-term assets 3,106.6 3,819.1 2,293.0 Total assets $27,104.8 $27,323.2 $29,231.5 LIABILITIES & STOCKHOLDERS' EQUITY Short term borrowings $238.9 Current maturities of long-term debt 29.2 734-9 $ 791.5 1,065.2 Accounts payable 460.0 557.6 616.7 Other accrued expenses and current liabilities 779-9 780.4 690.4 Total current liabilities 1,269.1 2,311.8 3,163.8 Long-term debt 10,413.1 11,210.8 11,759.8 Other long-term liabilities 1,493-5 1,326.3 1,470.7 Total liabilities 13,175-7 14,848.9 16,394-3 Common stock and additional paid-in capital 1,606.4 1,516.8 1,413.0 Treasury stock (2,789.8) (2,814.0) Retained earnings 15,117.8 13,695-3 (2,784.3) 14,276.2 Accumulated other comprehensive income (5.3) 76.2 (67.7) Total stockholders' equity 13,929.1 12,474-3 12,837.2 Total liabilities & stockholders' equity $27,104.8 $27,323.2 $29,231.5 Constellation Brands Consolidated Income Statements In millions, except per share amounts Year ended Feb 28, 2021 Year ended Feb 28, 2020 Year ended Feb 28, 2019 Net sales $8,614.9 $8,343-5 $8,116.0 Cost of goods sold 4,148.9 4,191.6 4,035-7 Gross margin 4,466.0 4,151.9 4,080.3 Selling, general and administrative expenses 1,321.5 1,188.4 1,221.0 Depreciation expense 293.8 326.5 333-1 Amortization expense 35.6 32.8 6.0 Intangible asset impairment charges 24.0 449-7 108.0 Operating income 2,791.1 2,154.5 2,412.2 Equity in earnings/(losses) of equity-method investees 150.3 (2,668.6) 2,101.6 Interest expense 385.7 428.7 367.1 Loss on extinguishment of debt 12.8 2.4 Income before income taxes 2,542.9 (945.2) 1.7 4,145.0 Income tax expense/(benefit) Net income 511.1 $2,031.8 (966.6) 685.9 $21.4 $3,459.1 Basic earnings per share 7.5% 15.4% 3.5% 31.7% $10.44 $0.10 $18.24