mybusinesscourse.com Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statenents and balance sheets of Best Buy Co, Inc. Income Statement, Feb. 26, 2011 Feb. 27, 2010 50,272 $49,694 37,61137,534 Fiscal Years Ended (S millions) Cost of goods sold Restructuring charges-cost of goods sold Gross profit Selling, general and administrative expenses Restructuring charges Goodwill and tradename impairment Operating income Other income (expenses) investment income and other interest expense ncome) Earnings before income tax expense and equity in income of affllates Income tax expense Equity in income of affiliates Net earnings including noncontrolling interests Net (earnings) actributable to noncontrolling interests Net eamings attributable to Best Buy Co., Inc 12,160 9,873 52 10.325 198 2.114 2,235 51 (87) 2,078 54 (94) 2.195 802 1,366 $ 1.272$1,317 Balance Sheet s millions) Feb 26, 2011 Feb. 27, 2010 Cash and cash equivalents $ 1103 $1,826 Short-term investrments 90 mybusinesscourse.com Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statenents and balance sheets of Best Buy Co, Inc. Income Statement, Feb. 26, 2011 Feb. 27, 2010 50,272 $49,694 37,61137,534 Fiscal Years Ended (S millions) Cost of goods sold Restructuring charges-cost of goods sold Gross profit Selling, general and administrative expenses Restructuring charges Goodwill and tradename impairment Operating income Other income (expenses) investment income and other interest expense ncome) Earnings before income tax expense and equity in income of affllates Income tax expense Equity in income of affiliates Net earnings including noncontrolling interests Net (earnings) actributable to noncontrolling interests Net eamings attributable to Best Buy Co., Inc 12,160 9,873 52 10.325 198 2.114 2,235 51 (87) 2,078 54 (94) 2.195 802 1,366 $ 1.272$1,317 Balance Sheet s millions) Feb 26, 2011 Feb. 27, 2010 Cash and cash equivalents $ 1103 $1,826 Short-term investrments 90