Question
Current assets Cash and cash equivalents 1,124.00 Short-term investments 480.00 Merchandise inventorynet 27,634.00 Other current assets 2,064.00 Total current assets 31,302.00 Property, less accumulated depreciation
Current assets
Cash and cash equivalents 1,124.00
Short-term investments 480.00
Merchandise inventorynet 27,634.00
Other current assets 2,064.00
Total current assets 31,302.00
Property, less accumulated depreciation 40,550.00
Long-term investments 563.00
Deferred income taxesnet 647.00
Goodwill 667.00
Other assets 2,189.00
Total assets 75,918.00
Current liabilities
Short-term borrowings 1,588.00
Current maturities of long-term debt 2,442.00
Accounts payable 18,214.00
Accrued compensation and employee benefits 1,456.00
Deferred revenue 2,858.00
Other current liabilities 5,335.00
Total current liabilities 31,893.00
Long-term debt, excluding current maturities 31,660.00
Deferred revenueextended protection plans 1,819.00
Other liabilities 2,528.00
Total liabilities 67,900.00
Shareholders' equity
Preferred stock$5 par value, none issued -
Common stock$0.50 par value 884.00
Capital in excess of par value - Retained earnings 7,594.00
Accumulated other comprehensive loss 460.00
Total shareholders' equity 8,936.00
Total liabilities and shareholders' equity 75,918.00
Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that longterm investments are nonoperating.
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappetta
19th Edition
0077303202, 9780077303204
