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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

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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 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. $ 0

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