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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
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 $1,022 Short-term investments 436 Merchandise inventory-net 25,122 Other current assets 1,876 Total current assets 28,456 Property, less accumulated depreciation 36,864 Long-term investments 512 Deferred income taxes-net 588 Goodwill 606 Other assets 1,990 Total assets $69,016 Current liabilities Short-term borrowings $1,444 Current maturities of long-term debt 2,220 Accounts payable 16,558 Accrued compensation and employee benefits 1,324 Deferred revenue 2,598 Other current liabilities 4,850 Total current liabilities 28,994 Long-term debt, excluding current maturities 28,782 Deferred revenue-extended protection plans 1,654 Other liabilities 2,298 Total liabilities 61,728 Shareholders' equity Preferred stock-$5 par value, none issued Common stock-$0.50 par value 802 Capital in excess of par value Retained earnings 6,904 Accumulated other comprehensive loss (418) Total shareholders' equity 7,288 Total liabilities and shareholders' equity $69,016 Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that long-term investments are nonoperating. $ million
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