Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Complete a horizontal analysis for each category in the balance sheet. Change Amount Percent Best Buy Co Inc. (Richfield, MN): Horizontal Analysis - Balance Sheet

Complete a horizontal analysis for each category in the balance sheet. image text in transcribed

Change Amount Percent Best Buy Co Inc. (Richfield, MN): Horizontal Analysis - Balance Sheet Balance Sheet 2020 2019 (In Millions, Except par value per share amounts) Amount Amount ASSETS Current Assets Cash and Cash Equivalents $2,229 $1,980 Merchandise Inventories 5,174 5,409 Other Current Assets 305 466 Total Current Assets 8,857 8,870 Gross Property and Equipment 9228 9200 Goodwill 984 915 Operating Lease Assets 984 NA Other Assets 713 606 TOTAL ASSETS 15,591 12,901 LIABILITIES AND SHAREHOLDERS EQUITY Current Liabilities Accounts Payable Unredeemed Gift Card Liabilities Deferred Revenue Accrued Compensations and Related Expenses Accrued Liabilities Current Portion of Long Term Debt Total Current Liabilities Long-term Operating Lease Liabilities Long-term Liabilities Long-term Debt Equity Retained Earnings Total Equity TOTAL LIABILITIES AND EQUITY 5288 281 501 410 906 14 8060 2138 657 1257 5257 290 446 482 982 56 7513 NA 750 1332 3158 3479 15,591 2958 3306 12,901

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Factory Accounts

Authors: John Whitmore

1st Edition

0367494825, 9780367494827

More Books

Students also viewed these Accounting questions