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3. Book Best Buy is a leading provider of technology products, services, and solutions. The following selected information is adapted from the company's January
3. Book Best Buy is a leading provider of technology products, services, and solutions. The following selected information is adapted from the company's January 28, 2017, annual report. (Dollar amounts are stated in millions.) Total current assets Total current liabilities Total assets Total stockholders' equity Operating income Net income Beginning of the Year End of the Year $ 9,886 $ 10,516 7,122 6,925 13,519 13,856 4,378 4,709 1,854 1,228 Print erences The company has long-term liabilities that bear interest at annual rates ranging from 6 percent to 8 percent. Required: a. Compute the company's current ratio at (1) the beginning of the year and (2) the end of the year. b. Compute the company's working capital at (1) the beginning of the year and (2) the end of the year. (Enter your answers In millions, not in whole dollars.) c. Is the company's short-term debt-paying ability improving or deteriorating? d. Compute the company's (1) return on average total assets and (2) return on average stockholders' equity. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Compute the company's current ratio at (1) the beginning of the year and (2) the end of the year. (Round your answers to 2 decimal places.) 1. Beginning of the year to 1 2. End of the year to 1
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