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A large retailer reported the following (in $millions) on its recent balance sheets: As of 2/1/2020 2/2/2019 Increase During Fiscal 2019 Total assets Total liabilities
A large retailer reported the following (in $millions) on its recent balance sheets: As of 2/1/2020 2/2/2019 Increase During Fiscal 2019 Total assets Total liabilities $9.348 5,989 $6,074 2,768 $3.274 3,221 A. What most likely caused the approximate $3.2 billion higher amounts for total assets and total liabilities reported by the retailer on its 2/1/2020 balance sheet, compared to one year earlier
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