Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 150 words in your own words, Do you find any difference between these balance sheets? Which one do you understand better? Balance Sheet 1

In 150 words in your own words, Do you find any difference between these balance sheets? Which one do you understand better?

image text in transcribed

image text in transcribed

Balance Sheet 1 Cash and marketable securities Accounts receivable Invento Other current assets Other current assets Long-term tangible assets Long-term intangible assets Other long-term assets Accounts payable Other current liabilities Other current liabilities Short-term debt Long-term debt Other long-term liabilities Other long-term liabilities Common shareholder equity Common shareholder equity Common shareholder equity in millions Assets Current assets: Cash and cash equivalents Accounts receivable, net Merchandise inventories Current deferred tax assets. net Prepaid expenses and other Total current assets of accumulated depreciation of $3,520 and $3,316) Goodwill Other assets Total assets Liabilities and Shareholders Equity Current liabilities: Accounts payable Accrued salaries, wages and related benefits Other current liabilities Current portion of long-term debt Total current liabilities Long-term debt, net Deferred property incentives, net Other liabilities Commitments and contingencies Shareholders' eq Common stock, no par value: 1,000 shares authorized; 218.0 and 217.7 share issued and outstanding Retained earnings Accumulated other comprehensive loss Total shareholders' equity Total liabilities and shareholders' equity Jan. 29 Jan. 30 2011 2010 1,506 795 2.026 2,035 977 898 236 238 79 88 4.824 4,054 2,318 2,242 53 53 26 230 7,462 6,579 846 726 375 336 652 596 356 1.879 2.014 2.775 2,257 495 469 267 292 1.168 1,066 882 525 (29) (19) 2,021 1,572 7,462 6,579

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Process Auditing Techniques Guide

Authors: J. P. Russell

1st Edition

0873895959, 978-0873895958

More Books

Students also viewed these Accounting questions