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I need help with homework.Analysis and Interpretation of Profitability Balance sheets and income statements for Best Buy Co., Inc.. Please check bold area on the
I need help with homework.Analysis and Interpretation of Profitability Balance sheets and income statements for Best Buy Co., Inc.. Please check bold area on the attachment for the question.
Analysis and Interpretation of Profitability Balance sheets and income statements for Best Buy Co., Inc. follow. Consolidated Statements of Earnings February 27, February 28, March 1, For Fiscal Years Ended ($ millions) 2010 2009 2008 Revenue $ 49,694 $ 45,015 $ 40,023 Cost of goods sold 37,534 34,017 30,477 ---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. 12,160 9,873 52 -- 10,998 8,984 78 66 9,546 7,385 --- 2,235 1,870 2,161 54 -(94) 35 (111) (94) 129 -(62) 2,195 1,700 2,228 802 1 674 7 815 (3) 1,394 (77) 1,033 (30) 1,410 (3) $ 1,317 $ 1,003 $ 1,407 Consolidated Balance Sheets ($ millions, except footnotes) February 27, 2010 February 28, 2009 Assets Current assets Cash and cash equivalents Short-term investments Receivables Merchandise inventories Other current assets $ 1,826 90 2,020 5,486 1,144 $ 498 11 1,868 4,753 1,062 Consolidated Balance Sheets ($ millions, except footnotes) February 27, 2010 February 28, 2009 Total current assets 10,566 8,192 Property and equipment Land and buildings 757 755 Leasehold improvements 2,154 2,013 Fixtures and equipment 4,447 4,060 95 112 Property under capital lease Less: Accumulated depreciation Property and equipment, net Goodwill Tradenames, net Customer relationships, net Equity and other investments Other noncurrent assets Total assets Liabilities and equity Current liabilities Accounts payable Unredeemed gift card liabilities Accrued compensation and related expenses Accrued liabilities Accrued income taxes Short-term debt Current portion of long-term debt Total current liabilities Long-term liabilities Long-term debt Equity Best Buy Co., Inc. Shareholders' equity Preferred stock, $1.00 par value Common stock, $0.10 par value Additional paid-in capital Retained earnings Accumulated other comprehensive income (loss) Total Best Buy Co., Inc. shareholders' equity 7,453 3,383 6,940 2,766 4,070 2,452 159 279 324 452 4,174 2,203 173 322 395 367 $ 18,302 $ 15,826 $ 5,276 463 544 1,681 316 663 35 $ 4,997 479 459 1,382 281 783 54 8,978 1,256 1,104 8,435 1,109 1,126 -42 441 5,797 40 -41 205 4,714 (317) 6,320 4,643 Consolidated Balance Sheets ($ millions, except footnotes) February 27, 2010 February 28, 2009 644 513 Noncontrolling interest Total equity Total liabilities and equity 6,964 5,156 $ 18,302 $ 15,826 (a) Compute net operating profit after tax (NOPAT) for 2010. Assume that the combined federal and statutory rate is: 37.0%. (Round your answer to the nearest whole number.) 2010 NOPAT = Answer millions V (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 % (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 %Step by Step Solution
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