Please answer the three following multiple choice questions based off of the balance sheet

For the remaining problems, please refer to the attached company financial statements for XYZ Company. In conjunction with the method used in the text, use average balances (when applicable) in ratio calculations. Note: all dollar figures presented in the questions are in millions, to match the financial statements. XYZ Company Balance Sheet (All numbers in $millions) Feb-20 4,863.9 2,055.3 392.3 110.0 139.3 1.293.7 103.6 16.4 Feb-19 3,191.2 1,914.9 409.3 0.0 136.2 1.214.3 138.1 17.0 Feb-18 2,908.7 1,693.7 277.4 120.0 99.7 1,096.4 98.7 1.5 1,189.5 Total assets Total current assets Cash and cash equivalents Short-term investments Receivables, net Merchandise inventories, net Prepaid expenses and other current assets Prepaid income taxes Deferred income taxes Property and equipment, net Operating lease assets Goodwill Other intangible assets Deferred compensation plan assets Other long-term assets Total liabilities and stockholders' equity Total liabilities Total current liabilities Accounts payable Accrued liabilities Accrued liabilities excluding deferred revenue Deferred revenue 1.205.5 1,537.6 10.9 3.4 27.8 23.4 4,863.9 2,961.8 1.137.3 414.0 483.6 246.1 237.5 1.226.0 0.0 - 10.9 4.3 20.5 14.6 3,191.2 1,371.0 823.7 404.0 419.7 220.7 199.1 0.0 0.0 16.8 8.7 2,908.7 1,134.5 642.2 325.8 302.3 189.2 113.1 113.1 237.5 239.6 199.1 0.0 - 14.1 Deferred revenue Current operating lease liabilities Dividends payable Accrued income taxes Non-current operating lease liabilities Deferred rent Deferred income taxes Other long-term liabilities Total stockholders' equity Common stock Treasury stock-common, at cost Additional paid-in capital Retained earnings Accumulated other comprehensive loss All figures in millions of U.S. Dollar. XYZ Company Income Statement (All numbers in $millions) 1.698.7 0.0 89.4 36.4 1,902.1 0.6 -34.4 807.5 1,128.5 0.0 435.0 83.9 28.4 1,820.2 0.6 -24.9 738.7 1.105.9 407.9 59.4 25.0 1,774.2 0.6 -18.8 698.9 1,093.5 Feb-20 7,398 4,717 2,681 -1.761 Feb-19 6,717 4,307 2,409 -1,535 Feb-18 5,885 -3.788 2,097 -1.287 Net sales Cost of sales Gross profit Selling, general and administrative expenses Impairment charges, store closures and other costs Pre-opening expenses EBIT (Operating income) Interest income / expense, net Income before income taxes Income tax expense Net income -19 901 5 906 -200 706 -20 854 5 859 -201 659 -24 785 2 787 -232 555 706 659 555 12.21 12.15 11.00 10.94 9.02 8.96 Net income Per share Basic Diluted Weighted average shares Basic Diluted All figures in millions of U.S. Dollar except per share items. 61.6 57.8 58.1 59.9 60.2 62.0 The change in XYZ's ROE from FY2019 to FY2020 was primarily a result of A combination of lower net profit margin, lower asset turnover and higher leverage A combination of lower net profit margin, lower asset turnover and lower financial leverage Increasing asset turnover Increasing leverage Increasing net profit margin What was XYZ's FY2020 Book Value Per Share (Diluted)? Approximately $58 Approximately $33 Approximately $127 Approximately $92 Approximately $12 Comparing XYZ's diluted earnings per share with basic earnings per share, we know with certainty that XYZ has consolidated subsidiaries in which they do not own 100%. XYZ has issued securities that can be converted into common stock. OXYZ has had nonrecurring items in each period reported. XYZ has at least one item of other comprehensive income (OCI). XYZ has issued both common stock and preferred stock