Hello I need help with the attached questions

1.Analysis and Interpretation of Profitability (calculate NOPAT, NOA etc)

2.Assessing Financial Statement Effects of Adjustments

Analysis and Interpretation of Profitability Balance sheets and income statements for Best Buy Co., Inc. follow. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) February 27, 2010 Revenue February 28, 2009 March 1, 2008 $ 49,694 $ 40,023 37,534 34,017 30,477 -- -- -- 12,160 10,998 9,546 9,873 8,984 7,385 52 78 -- -- 66 -- 2,235 1,870 2,161 54 35 129 -- (111) -- (94) (94) (62) 2,195 1,700 2,228 802 674 815 1 7 (3) 1,394 1,033 1,410 (77) (30) (3) $ 1,317 Cost of goods sold $ 45,015 $ 1,003 $ 1,407 Restructuring charges - cost of goods sold Gross Profit Selling, general and administrative expenses Restructuring charges Goodwill and tradename impairment Operating income Other income (expense) Investment income and other Investment impairment Interest expense Earnings before income tax expense and equity in income of affiliates Income tax expense Equity in income of affiliates Net earnings including noncontrolling interest Net income attributable to noncontrolling interest Net income attributable to Best Buy Co., Inc. Consolidated Balance Sheets ($ millions, except footnotes) February 27, 2010 February 28, 2009 Assets Current assets Cash and cash equivalents $ 1,826 $ 498 90 11 Receivables 2,020 1,868 Merchandise inventories 5,486 4,753 Other current assets 1,144 1,062 Short-term investments Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) Revenue February 27, 2010 February 28, 2009 March 1, 2008 $ 49,694 $ 45,015 $ 40,023 Cost of goods sold 37,534 34,017 30,477 Total current assets 10,566 8,192 757 755 Leasehold improvements 2,154 2,013 Fixtures and equipment 4,447 4,060 95 112 7,453 6,940 3,383 2,766 Property and equipment, net 4,070 4,174 Goodwill 2,452 2,203 Tradenames, net 159 173 Customer relationships, net 279 322 Equity and other investments 324 395 452 367 $ 18,302 $ 15,826 $ 5,276 $ 4,997 Unredeemed gift card liabilities 463 479 Accrued compensation and related expenses 544 459 1,681 1,382 Accrued income taxes 316 281 Short-term debt 663 783 35 54 Total current liabilities 8,978 8,435 Long-term liabilities 1,256 1,109 Long-term debt 1,104 1,126 Property and equipment Land and buildings Property under capital lease Less: Accumulated depreciation Other noncurrent assets Total assets Liabilities and equity Current liabilities Accounts payable Accrued liabilities Current portion of long-term debt Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) Revenue Cost of goods sold February 27, 2010 February 28, 2009 March 1, 2008 $ 49,694 $ 45,015 $ 40,023 37,534 34,017 30,477 Equity Best Buy Co., Inc. Shareholders' equity Preferred stock, $1.00 par value -- -- Common stock, $0.10 par value 42 41 441 205 5,797 4,714 40 (317) 6,320 4,643 644 513 6,964 5,156 $ 18,302 $ 15,826 Additional paid-in capital Retained earnings Accumulated other comprehensive income (loss) Total Best Buy Co., Inc. shareholders' equity Noncontrolling interest Total equity Total liabilities and equity (a) Compute net operating profit after tax (NOPAT) for 2010. Assume that the combined federal and statutory rate is: 37.0%. (Hint: Treat income in equity of affiliates as operating. Round your answer to the nearest whole number.) 2010 NOPAT = Answer ($ millions) (b) Compute net operating assets (NOA) for 2010 and 2009. (Hint: Treat the Equity and Other Investments and the Long-Term Liabilities as operating.) 2010 NOA = Answer ($ millions) 2009 NOA = Answer ($ millions) (c) Compute Best Buy's RNOA, net operating profit margin (NOPM) and net operating asset turnover (NOAT) for 2010. (Do not round until final answer. Round two decimal places. Do not use NOPM x NOAT to calculate RNOA.) 2010 RNOA = Answer % 2010 NOPM = Answer % 2010 NOAT = Answer (d) Compute net nonoperating obligations (NNO) for 2010 and 2009. 2010 NNO = Answer ($ millions) 2009 NNO = Answer ($ millions) (e) Compute return on equity (ROE) for 2010. (Round your answers to two decimal places. Do not round until your final answer.) 2010 ROE = Answer % (f) Infer the nonoperating return component of ROE for 2010. (Use answers from above to calculate. Round your answer to two decimal places.) 2010 nonoperating return = Answer % Check Compute NOPAT Using Tax Rates from Tax Footnote The income statement for The TJX Companies, Inc., follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands) Net sales Cost of sales, including buying and occupancy costs Selling, general and administrative expenses Provision (credit) for computer intrusion related costs Interest expense (revenue), net Income from continuing operations before provision for income taxes Provision for income taxes Income from continuing operations Gain from discontinued operations, net of income taxes Net income U.S. federal statutory income tax rate January 28, 2006 $16,057,935 12,295,016 2,723,960 29,632 1,009,327 318,904 690,423 $ 690,423 35.0% Effective state income tax rate 3.9% Impact of foreign operation 0.5% All other Worldwide effective income tax rate -7.8% 31.6% Compute TJX's NOPAT for 2006 using its income tax footnote disclosure. (The Federal and State tax rate for 2006 as reported by TJX's tax footnote is: 38.9%). Round to the nearest whole number. 2006 NOPAT = $Answer Assessing Financial Statement Effects of Adjustments For each of the following separate situations, prepare the necessary accounting adjustments using the financial statement effects template. (a) Unrecorded depreciation on equipment is $610. (b) The Supplies account has an unadjusted balance of $2,990. Supplies still available at the end of the period total $1,100. (c) On the date for preparing financial statements, an estimated utilities expense of $390 has been incurred, but no utility bill has yet been received or paid. (d) On the first day of the current period, rent for four periods was paid and recorded as a $2,800 debit to Prepaid Rent and a $2,800 credit to Cash. (e) Nine months ago, The Allstate Corporation sold a oneyear policy to a customer and recorded the receipt of the premium by crediting Unearned Revenue for $624. No accounting adjustments have been prepared during the ninemonth period. Allstate's annual financial statements are now being prepared. (f) At the end of the period, employee wages of $965 have been incurred but not paid or recorded. (g) At the end of the period, $300 of interest has been earned but not yet received or recorded. I need help with D and E to show on balance sheet and income statement