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ces Tech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year
ces Tech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended February 1, 2020, are shown below. Tech Supplies Company, Incorporated Current assets: Balance Sheet At February 1, 2020 ($ in millions). Assets Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities. Total current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity Tech Supplies Company, Incorporated Income Statement Revenues For the Year Ended February 1, 2020 (in millions) Costs and expenses. other income (expense)* $ 39,623 38,172 1,451 (84) 1,367 Operating income Income before income taxes 788 $579 Income tax expense Net income "Includes $251 of interest expense. $ 2,166 1,257 5,070 430 8,923 3,728 $ 12,651 $ 5,400 4,375 9,775 2,254 622 $ 12,651
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