Analysis and Interpretation of Profitability Balance sheets and income statements for Best Buy Co., Inc. follow. Consolidated Statements of Earnings For Fiscal Years Ended (5 millions) Feb 2011! 26' Revenue $ 50,272 Cost of goods sold 37,611 24 Restructuring charges - cost of goods sold Gross Profit 12,637 Selling, general and administrative expenses 10,325 Restructuring charges 198 Goodwill and tradename impairment -- Operating income 2,114 Other income (expense) Investment income and other 51 Investment impairment -- Interest expense [87) Earnings before income tax expense and equity in income of . . 2,078 affiliates Income tax expense 714 ' 2 Equity in income of affiliates Net earnings including noncontrolling interest 1,366 (89) Net income attributable to noncontrolling interest Net income attributable to Best Buy Co., Inc. $ 1,277 Consolidated Balance Sheets ($ millions, except footnotes) Asses Current assets February 26, 2011 February 27, 2010 Cash and cash equivalents $ 1,103 $ 1,826 Short-term investments 22 90 Receivables 2,348 2,020 Merchandise inventories 5,897 5,486 February 27, 2010 $ 49,694 37,534 12,150 9,873 52 2,235 54 (94) 2,195 802 1,394 (77) $ 1,317 February 28, 2009 $ 45,015 34,017 10,990 3,934 73 50 1,870 35 (111) (94) 1,700 674 1,033 (30) $ 1,003