Answered step by step
Verified Expert Solution
Question
1 Approved Answer
P 5-1 best buy Co., Inc.s consolidated statements of earnings frim it's 2011 annual report are presented in Exihibit 5-3 Required A. Using the statement
P 5-1 best buy Co., Inc.s consolidated statements of earnings frim it's 2011 annual report are presented in Exihibit 5-3
Required
A. Using the statement of earninvs, prepare a vertical common-size analysis for 2011, 2010, a d 2009. Use revenue a base.
B. Using the statement of earnings,prepare or horizontal common size analysis for 2011, 2010, use 2009 as the base.
C. Comments on significance friends that appear in (a) and (b)
bSidia Es) id manuracturing rm (Cooper tre e tubber Company). EXHIBIT 5-3 Best Buy Co., Inc.* Merchandising Firm Consolidated Balance Sheets S in millions, except per share and share amounts February 26, 2011 February 27, 2010 ASSETS Current Assets 1,103 S1,826 90 Cash and cash equivalents Short-term investments Receivables Merchandise inventories Other current assets 2,348 5,897 1,103 10,473 2,020 5,486 1,144 10,566 Total current assets Property and Equipment 766 2,318 4,701 120 7,905 4,082 3,823 2,454 133 203 328 435 $17,849 757 2,154 4,447 95 7,453 3,383 4,070 2,452 Land and buildings Leasehold improvements Fixtures and equipment Property under capital lease Less accumulated depreciation Net property and equipment Goodwill Tradenames, Net Customer Relationships, Net Equity and Other Investments Other Assets Total Assets 159 279 324 452 $18,302 LIABILITIES AND EQUITY Current Liabilities Accounts payable $4,894 5,276 *"We are a multinational retailer of consumer electronics, home office products, entertainment products, appliances and related services." 10-K Source: Best Buy Co., Inc. 2010 10-KStep 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