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dentify and Compute Net Operating Assets Following is the balance sheet for Lowes Companies Inc. LOWES COMPANIES INC. Consolidated Balance Sheet $ millions, except par
dentify and Compute Net Operating Assets Following is the balance sheet for Lowes Companies Inc.
LOWES COMPANIES INC. | |
---|---|
Consolidated Balance Sheet | |
$ millions, except par value Feb. 1, 2019 | |
Current assets | |
Cash and cash equivalents | $818 |
Short-term investments | 349 |
Merchandise inventorynet | 20,098 |
Other current assets | 1,501 |
Total current assets | 22,766 |
Property, less accumulated depreciation | 29,491 |
Long-term investments | 410 |
Deferred income taxesnet | 470 |
Goodwill | 485 |
Other assets | 1,592 |
Total assets | $55,214 |
Current liabilities | |
Short-term borrowings | $1,155 |
Current maturities of long-term debt | 1,776 |
Accounts payable | 13,246 |
Accrued compensation and employee benefits | 1,059 |
Deferred revenue | 2,078 |
Other current liabilities | 3,880 |
Total current liabilities | 23,194 |
Long-term debt, excluding current maturities | 23,026 |
Deferred revenueextended protection plans | 1,323 |
Other liabilities | 1,838 |
Total liabilities | 49,381 |
Shareholders equity | |
Preferred stock$5 par value, none issued | - |
Common stock$0.50 par value | 644 |
Capital in excess of par value | - |
Retained earnings | 5,523 |
Accumulated other comprehensive loss | 334 |
Total shareholders equity | 6,499 |
Total liabilities and shareholders equity | $55,214 |
Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that longterm investments are nonoperating.
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 $818 Short-term investments 349 Merchandise inventory-net 20,098 Other current assets 1,501 Total current assets 22,766 Property, less accumulated depreciation 29,491 Long-term investments 410 Deferred income taxes-net 470 Goodwill 485 Other assets 1,592 Total assets $55,214 Current liabilities Short-term borrowings $1,155 Current maturities of long-term debt 1,776 Accounts payable 13,246 Accrued compensation and employee benefits 1,059 Deferred revenue 2,078 Other current liabilities 3,880 Total current liabilities 23,194 Long-term debt, excluding current maturities 23,026 Deferred revenue-extended protection plans 1,323 Other liabilities 1,838 Total liabilities 49,381 Shareholders' equity Preferred stock-$5 par value, none issued Common stock-$0.50 par value 644 Capital in excess of par value Retained earnings 5,523 Accumulated other comprehensive loss 334 Total shareholders' equity 6,499 Total liabilities and shareholders' equity $55,214 Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that long-term investments are nonoperating. $ 0Step by Step Solution
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