Question
1....The current asset portion of Darden Restaurants, Inc.'s balance sheet is as follows (in $ millions). Fiscal Year Ended May 27, 2018 May 28, 2017
1....The current asset portion ofDarden Restaurants, Inc.'sbalance sheet is as follows (in $ millions).
Fiscal Year Ended
May 27, 2018 May 28, 2017
Current assets:
Cash and cash equivalents $146.9 $233.1
Receivables, net 83.7 75.9
Inventories 205.3 178.9
Prepaid income taxes 15.9 6.2
Prepaid expenses and
other current asset 89.9 80.6
Assets held for sale 11.9 13.2
Total current assets $553.6 $587.9
Prepare a horizontal analysis of Darden Restaurants' current assets.(If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round answers to 1 decimal place, e.g. 12.5.)
5/27/2018 5/28/2017 $ Change % Change
Current assets:
Cash and cash equivalents $ _____ $______ $_______ % ________
Receivables, net
Inventories
Prepaid income taxes
Prepaid expenses/other current assets
Assets held for sale
Total current assets
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