Best Buy Balance Sheet FYE 2021 FYE 2020 Change Evaluate Best Buy's cash flows by the two-finger approach. 20 pts (All amounts in thousands of dollars) 1.a. Period Ending Current Assets Cash and Equivalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets 2,310 59 85 2,473 69 920 6,725 170 10.361 167 10 835 6,556 209 7,777 169 2,584 b 83 92 (9) 13.068 Long Term Assets Long Term Investments Property Plant And Equipment Goodwill Other Assets Total Assets 2.307 105 314 15.175 419 156 26,394 22 c. 21,385 5.009 Current Liabilities Payables and Acer Exp S T Loans Other Current Liabilities Total Current Liabilities Long Term Debl Other Liabilities Deferred LT Liabilities Minority Interest Total Liabilities 5,645 5 851 6,501 1,250 372 2.a 4,381 4 0 4.385 1.545 245 195 11 6.381 1.264 1 851 2,116 (295) 127 (6) 189 0 1.931 8,312 b. Stock Holders Equity Common Stock Retained Eamings Capital Surplus Other Stockholder Equity Total Stockholder Equity Total Liab and Equity 117 12,799 5,412 -246 18,082 26,394 116 10,151 4,810 -73 15,004 21,385 1 2,648 602 (173) 3.078 5,009 c. Given the following financial statements for Corrigan Corporation: (25 pts) a. Calculate the missing ratios corresponding to the industry ratios provided. b. Perform a "Quick Analysis" for Corrigan versus the Industry. c. For each of the ratio categories identified below, evaluate Corrigan's financial position and performance. Corrigan Corp Income Statement Ratios, 2021 Industry Corrigan Quick Analysis FYE 2021 Quick ratio 1.00 Sales $4,290,000 Current ratio 2.70 2.33 Cost of Goods Sold 3.580.000 Inventory turnover 5.6 4.8 Gross Profit 710,000 Average collection pd 32.0 Selling, Gen'l & Admin 236,320 Fixed assets turnover 12.0 Depreciation 159,000 Total assets turnover 2.60 2.34 Miscellaneous 134,000 Return on Assets 091 Taxable income 180,680 Return on Equity .166 Income Tax 72.272 Debt ratio 45 .35 Net Income $108,408 Net profit margin 035 .025 P/E ratio 6.00 4.50 Corrigan Corp Balance Sheet FYE 2021 Profitability Cash $ 72,000 Accounts Receivable 439,000 Inventories 894.000 Current assets 1,405,000 Land and Building, net 238.000 Machinery, net 132,000 Other Fixed Assets, net 61.000 Total Assets $1,836,000 Asset management Accounts payable Notes payable Accruals Total Current liabilities Long-term debt Common Stock Retained Earnings Total Liab and Equity $ 332,000 100,000 170,000 602,000 404,290 575,000 254.710 $1,836,000 Shareholder Return