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Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January
Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below Best Buy Co, Inc. Balance Sheet At January 30, 2016 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net Merchandise inventories Other current assets $ 1,976 1,305 1,162 5,051 392 9,886 3,633 $13,519 Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable $4,450 2,475 6,925 2,216 4,378 Other current liabilities Total current liabilities Long-term liabilities Shareholders' equity
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