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A company is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet year ended February 1 of the current year
A company is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet year ended February 1 of the current year are shown below. Current assets: Cash and cash equivalents A Company Balance Sheet At February 1, Current Year ($ in millions) Assets Accounts receivable (net) Inventory Other current assets Total current assets 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 A Company Income Statement For the Year Ended February 1, Current Year ($ in millions) Revenues Costs and expenses Operating income $ 39,553 38,158 1,395 $ 2,026 1,187 5,056 402 8,671 3,658 $ 12,329 $ 14,700 2,975 7,675 2,226 2,428 $ 12,329
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