Business Course Return to course Identify and Compute Net Operating Assets Following is the balance sheet for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Balance Sheet $ millions, except par value Feb. 1, 2019 Current assets Cash and cash equivalents $409 Short-term investments 174 Merchandise inventory-net 10,049 Other current assets 750 Total current assets 11,382 Property, less accumulated depreciation 14,746 Long-term investments 205 Deferred income taxes-net 235 Goodwill 242 Other assets 796 Total assets $27,606 Current liabilities Short-term borrowings $578 Current maturities of long-term debt 888 Accounts payable 6,623 Accrued compensation and employee benefits 530 Deferred revenue 1,039 Other current liabilities 1,940 Total current liabilities 11,598 Long-term debt, excluding current maturities 11,513 Deferred revenue-extended protection plans 662 Other liabilities 919 Total liabilities 24,692 Shareholders' equity Preferred stock-$5 par value, none issued Common stock-$0.50 par value 319 Capital in excess of par value Retained earnings 2,762 Accumulated other comprehensive loss 167 Total shareholders' equity 3,250 Total liabilities and shareholders' equity $27,606 Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that long-term investments are nonoperating. $ 13,618 X Business Course Return to course Identify and Compute Net Operating Assets Following is the balance sheet for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Balance Sheet $ millions, except par value Feb. 1, 2019 Current assets Cash and cash equivalents $409 Short-term investments 174 Merchandise inventory-net 10,049 Other current assets 750 Total current assets 11,382 Property, less accumulated depreciation 14,746 Long-term investments 205 Deferred income taxes-net 235 Goodwill 242 Other assets 796 Total assets $27,606 Current liabilities Short-term borrowings $578 Current maturities of long-term debt 888 Accounts payable 6,623 Accrued compensation and employee benefits 530 Deferred revenue 1,039 Other current liabilities 1,940 Total current liabilities 11,598 Long-term debt, excluding current maturities 11,513 Deferred revenue-extended protection plans 662 Other liabilities 919 Total liabilities 24,692 Shareholders' equity Preferred stock-$5 par value, none issued Common stock-$0.50 par value 319 Capital in excess of par value Retained earnings 2,762 Accumulated other comprehensive loss 167 Total shareholders' equity 3,250 Total liabilities and shareholders' equity $27,606 Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that long-term investments are nonoperating. $ 13,618 X
