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5 ! Required information Part 1 of 2 6 points [The following Information applies to the questions displayed below.] The following information is taken
5 ! Required information Part 1 of 2 6 points [The following Information applies to the questions displayed below.] The following information is taken from the 2020 annual report for Best Buy (amounts are in millions and Best Buy's 2020 Fiscal Year ended on February 1, 2020): Interest expense $ 64 Net revenues $43,638 eBook Inventory (Feb 1, 2019) Gain on Sale of Investments 5,409 Investment income 47 1 Cost of goods sold 33,590 Selling, General, and Admin 7,998 Restructuring Expenses 41 Hint Expenses Income tax expense 452 Inventory (Feb 1, 2020) 5,174 Print References Mc Required: 1. Prepare a multiple-step income statement for Best Buy for the year ended February 1, 2020. BEST BUY Multiple-step Income Statement For the year ended February 1, 2020 Required: 1. Prepare a multiple-step income statement for Best Buy for the year ended February 1, 2020. BEST BUY Multiple-step Income Statement For the year ended February 1, 2020 Operating expenses: Total Operating income Non-operating items: Financial Statements and Closing Entries Required Assignm... 5 Part 1 of 2 6 points eBook Operating expenses: Total Hint Operating income Print References Non-operating items: Total Saved 6 Required information Part 2 of 2 [The following information applies to the questions displayed below.] 4 points eBook Hint Print References Mc The following information is taken from the 2020 annual report for Best Buy (amounts are in millions and Best Buy's 2020 Fiscal Year ended on February 1, 2020): Interest expense Inventory (Feb 1, 2019) Gain on Sale of Investments Selling, General, and Admin Expenses Income tax expense $ 64 Net revenues $43,638 5,409 Investment income 47 1 Cost of goods sold 33,590 7,998 452 Restructuring Expenses Inventory (Feb 1, 2020) 41 5,174 2. Calculate the gross profit ratio for Best Buy for the year ended February 1, 2020. Gross Profit Ratio S
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