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7 Exercise 3-17 (Algo) Calculating ratios; Bargain Deal [LO3-8] Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and
7 Exercise 3-17 (Algo) Calculating ratios; Bargain Deal [LO3-8] Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 28, 2017, are shown below. Book Print Bargain Deal, Inc. Balance Sheet At January 20, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventary Other current assets Total current asseta Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 2,076 1, 315 1,212 5.061 412 10,096 3,683 $13.759 eferences $4,950 3,475 8, 425 2,226 3,098 $13,759 Bargain Deal, Inc. Income Statement For the Year Ended January 28, 2017 (Sin millions) Revenues 639,578 Costs and expenses 38,163 Operating income 1, 415 Other income (expense) (75) Incone before income taxes 1,340 Income tax expense 653 Net income $ 687 "Includes $170 of interest expense. 7 Exercise 3-17 (Algo) Calculating ratios; Bargain Deal [LO3-8] Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 28, 2017, are shown below. Book Print Bargain Deal, Inc. Balance Sheet At January 20, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventary Other current assets Total current asseta Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 2,076 1, 315 1,212 5.061 412 10,096 3,683 $13.759 eferences $4,950 3,475 8, 425 2,226 3,098 $13,759 Bargain Deal, Inc. Income Statement For the Year Ended January 28, 2017 (Sin millions) Revenues 639,578 Costs and expenses 38,163 Operating income 1, 415 Other income (expense) (75) Incone before income taxes 1,340 Income tax expense 653 Net income $ 687 "Includes $170 of interest expense
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