Answered step by step
Verified Expert Solution
Question
1 Approved Answer
MetaForecast Best Buy's fiscal 2 0 1 2 balance sheet using the following relations ( assume no change for accounts not listed ) .
MetaForecast Best Buy's fiscal balance sheet using the following relations assume no change" for accounts not listed Assume that all capital expenditures are purchases of property and equipment.
Shortterm investments No change
ReceivablesRevenue
Merchandise inventoriesRevenue
Other current assetsRevenue
CAPEX Increase in gross Property and equipmentRevenue
Goodwill No change
Amortization expense for Tradenames $
Amortization expense for Customer relationships $
Equity and Other Investments No change
Other AssetsRevenue
Accounts payableRevenue
Unredeemed gift card liabilitiesRevenue
Accrued compensation and related expensesRevenue
Accrued liabilitiesRevenue
Accrued income taxesRevenue
Longterm liabilities No change
Noncontrolling interests
DepreciationPrior year gross PPE
AmortizationPrior year intangible asset balance
DividendsNet income
Longterm debt payments required in fiscal $
increase by net income attributable to noncontrolling interests and assume no dividends
Round all answers to the nearest whole number.
Do not use negative signs with your answers in the balance sheet.
Balance Sheet
$ millions
Estimated
Assets
Cash and cash equivalents Answer
Shortterm investments Answer
Receivables Answer
Merchandise inventories Answer
Other current assets Answer
Total current assets Answer
Property and equipment
Gross property and equipment Answer
Less accumulated depreciation Answer
Net property and equipment Answer
Goodwill Answer
Tradenames, Net Answer
Customer Relationships, Net Answer
Equity and Other Investments Answer
Other assets Answer
Total assets Answer
Liabilities and equity
Accounts payable Answer
Unredeemed gift card liabilities Answer
Accrued compensation and related expenses Answer
Accrued liabilities Answer
Accrued income taxes Answer
Shortterm debt Answer
Current portion of longterm debt Answer
Total current liabilities Answer
Longterm liabilities Answer
Longterm debt Answer
Best Buy Co Inc. Shareholders' Equity
Preferred stock, $ par value: Authorized shares; Issued and outstanding none Answer
Common stock, $ par value: Authorized billion shares; Issued and outstanding and Answer
shares, respectively
Additional paidin capital Answer
Retained earnings Answer
Accumulated other comprehensive income Answer
Total Best Buy Co Inc. shareholders' equity Answer
Noncontrolling interests Answer
Total equity Answer
Total liabilities and Equity Answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started