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I need a current and acid test ratio from this balance sheet along with an explanation and analysis of the data 1. Your first posting
I need a current and acid test ratio from this balance sheet along with an explanation and analysis of the data
1. Your first posting should accomplish two things. . First, calculate two financial ratios for each of the past two fiscal years. (In other words, you'll calculate a total of four ratios: one ratio for each of the two years ended 3/3/18 and 2/25/17, then a second ratio for the same two years.) Your two ratios should be selected from among the liquidity and efficiency, solvency, and profitability ratios summarized on page 736 of the textbook; for this assignment, you should ignore the market prospects ratios. For full credit, be sure to show all calculations. * Second, analyze the data you've calculated in the first part. How do you assess the financial ratios in the two years, and the trend that they reveal? Is it a favorable or an unfavorable indicator? What insights do your calculations give you into Bed Bath & Beyond's financial condition? Your analysis should total approximately 2 to 4 sentences. Use your team's Announcements area to discuss and agree upon which student will calculate and analyze which ratios. Each ratio is to be calculated only once, so teams with 4 students will calculate and analyze a team total of 8 ratios, while teams with 3 students will calculate and analyze 6 ratios. BED BATH & BEYOND INC. AND SUBSIDIARIES Consolidated Balance Sheets (in thousands, except per share data) M20ch 3.Febzuay 25, Assets Current assets Cash and cash equivalents Short term investment securities Merchandise inventories Prepaid expenses and other current assets $ 346,140 $488,329 378,039 2,730,874 2,905,660 197,912 3,591,901 89,592 1,909,289 1,837,129 697,085 606,948 $ 7,040,806 $6,822,655 516,025 3,971,078 19,517 Total current assets Long term investment securities Property and equipment, net Goodwil Other assets 716,283 424,639 Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Accrued expenses and other current liabilities Merchandise credit and gift card liabilities Current income taxes payable $ 1,197,504 $ 1,179,088 484,114 309,478 59,821 2,032,501 511,303 67,971 1,492,078 1,491,603 4,103,378 633,100 335,081 Total current liabilities Deferred rent and other liabilities Income taxes payable Long term debt 2,165,685 431,592 62,823 Total liabilities 4,152,1784100 Shareholders' equity: Preferred stock- $0.01 par value; authorized 1,000 shares; no shares issued or outstanding Common stock $0.01 par value; authorized-900,000 shares; issued 341,795 and 3,418 339,533 shares, respectively; outstanding 140,498 and 146,274 shares, respectively Additional paid-in capital Retained earnings Treasury stock, at cost Accumulated other comprehensive loss 3,395 2,057,975 1,974,781 11,343,503 1,003,890 (10,467,972) (10,215,539) (47,250) 2,719,277 $7,040,806 6,822,655 (48,296) 2,888,628 Total shareholders equity Total liabilities and shareholders' equit
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