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2. You are analyzing the balance sheet for Bed Bath and Beyond, a retail firm that sells home furnishings, from Febru ary 26, 1995 (in
2. You are analyzing the balance sheet for Bed Bath and Beyond, a retail firm that sells home furnishings, from Febru ary 26, 1995 (in millions) Liabilities Assets Cash $6.5 Accounts Payable $27.5 Receivables 3.1 Other Current Liabilities 18.6 Inventory 108.4 Current Assets 118.0 Current Liabilities 46.1 Fixed Assets 53.8 Long-Term Debt 16.8 Equity 108.9 Total Assets $171.8 Total Liabilities $171.8 The firm had revenues of $440.3 million in 1994 and cost of goods sold of $249.2 million. Refer to Chapter 13, Problem 2. The net working capital is $71.9 million. This statement is: True O False Refer to Chapter 13, Problem 2. The noncash net working capital, if other current liabilities are noninterest bearing, is $65.4 million. This statement is: True O O False Refer to Chapter 13, Problem 2. The noncash net working capital as a percentage of revenues is 16.33%. This statement is: O True False
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