mewo c. What percentage of financing is provided by Microsoft's owners? MI-24. Balance Sheet Equation and Financing Sources LO3 Best Buy's financial statements, dated February 2, 2019, report total assets of $12,901 million and total Best Buy (E liabilities of $9.595 million, Required ( a. Why might Best Buy have chosen February 2 as a year-end date? Select all that apply. 1. February is after the holiday season when sales are high. Best Buy wants to include those holi- LOs link assig day sales in its results. the Learning 2. A non-December year end will help reduce federal income taxes. each module 3. In early February, inventory will be lower because of the holiday season sales and Best Buy can more easily and inexpensively) count its inventory. 4. Other retailers pick late January or early February, and so there is an industry standard that Best Buy wants to use. b. What is the amount of Best Buy's equity at February 2, 2019? c. Does Best Buy receive more financing from its owners or nonowners? d. What percentage of financing is provided by Best Buy's nonowners? utin Tauntion and Commuting Financing Proportions LO3