Please consider the excerpts from Best Buy Annual Report (https://1drv.ms/b/s!Atyw7ZCanhhFl3xenIh7MaMsXmuz?e=eQgHF8) for fiscal year 2020 (i.e., the fiscal year ended February 1, 2020) and answer the following questions using only this information.

1. Which cost flow assumption(s) does Best Buy use to value its inventory?

2. What is the amount of inventory purchases in fiscal year 2020?

3. Estimate cash collected from customers in fiscal year 2020 (Assume that revenues are net of bad debt expense).

4. Estimate cash paid to suppliers in fiscal year 2020.

5. Assume the Company measures bad debt expenses as 1% of beginning gross receivables. Calculate the amount of bad debts written off in fiscal year 2020.

6. What is the number of outstanding shares at the end of fiscal year 2020?

7. How much dividends, income taxes, and interest did the Company pay during fiscal year 2020?

8. Refer to the 2028 Notes in the long-term debt footnote. Calculate the interest expense on this note for fiscal year2025.

9. Refer to the 2028 Notes in the long-term debt footnote. Calculate the total amount of cash payment at maturity date.

10. What is the amount ofadditionsto property and equipment account during fiscal year 2020 (Please note that some PPE is not paid with cash)?

11. Best Buy has disposed of some property and equipment during fiscal year 2020. Assume that there has been no impairment over the year. What is the original acquisition cost of the property and equipment disposed of during the fiscal year 2020?

12. What is the accumulated depreciation of the disposed property, plant and equipment in fiscal year 2020?

13. What is the gain/loss from disposal of property, plant and equipment in fiscal year 2020 if the sale price of the disposed assets is $200 (millions)?

14. If the Company recognized $100 (millions) more depreciation expense than currently recorded, how would the cash flows from operations change?

15. What is the par value of each common share?

16. What is the number of retired common shares during fiscal year 2020?

17. What is the average price per share it costed Best Buy repurchase and retire common shares during fiscal year 2020 (Please note that some stock retirements are not paid with cash)?

18. What is the revenue recognized from gift cards during fiscal year 2020 if Best Buy collected $50 (millions) in fiscal year 2020 from new gift card sales?