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Please provide answers to the blanks, thank you Analysis and Interpretation of Profitability Balance sheets and income statements for Best Buy Co., Inc. follow. Consolidated

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Please provide answers to the blanks, thank you

Analysis and Interpretation of Profitability Balance sheets and income statements for Best Buy Co., Inc. follow. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) February 27, 2010 February 28, 2009 March 1, 2008 Revenue $ 49,694 $ 45,015 $ 40,023 Cost of goods sold 37,534 34,017 30,477 Restructuring charges - cost of goods sold Gross Profit 12,160 10,998 9,546 Selling, general and administrative expenses 9,873 8,984 7,385 Restructuring charges 52 78 Goodwill and tradename impairment 66 Operating income 2,235 1,870 2,161 Other income (expense) Investment income and other 54 35 129 Investment impairment (111) Interest expense (94) (94) (62) Earnings before income tax expense and equity in income of affiliates 2,195 1,700 2,228 Income tax expense 802 674 815 Equity in income of affiliates (3) Net earnings including noncontrolling interest 1,394 1,033 1,410 Net income attributable to noncontrolling interest (77) (30) (3) Net income attributable to Best Buy Co., Inc. $ 1,317 $ 1,003 $ 1,407 1 7 Consolidated Balance Sheets ($ millions, except footnotes) February 27, 2010 February 28, 2009 Assets Current assets Cash and cash equivalents $1,826 $ 498 Short-term investments 90 11 Receivables 2,020 1,868 Merchandise inventories 5,486 4,753 Other current assets 1,144 1,062 Total current assets 10,566 8,192 Property and equipment Land and buildings 757 755 Leasehold improvements 2,154 2,013 Fixtures and equipment 4,447 4,060 Property under capital lease 95 112 7,453 6,940 Less: Accumulated depreciation 3,383 2,766 Property and equipment, net 4,070 4,174 Goodwill 2,452 2,203 Tradenames, net 159 173 Customer relationships, net 279 322 Equity and other investments 324 395 Other noncurrent assets 452 367 Total assets $ 18,302 $ 15,826 Liabilities and equity Current liabilities Accounts payable $5,276 $ 4,997 Unredeemed gift card liabilities 463 479 Accrued compensation and related expenses 544 459 Accrued liabilities 1,681 1,382 Accrued income taxes 316 281 Short-term debt 663 783 Current portion of long-term debt 35 54 1,681 1,382 281 316 663 783 35 54 8,978 1,256 1,104 8,435 1,109 1,126 Accrued liabilities Accrued income taxes Short-term debt Current portion of long-term debt Total current liabilities Long-term liabilities Long-term debt Equity Best Buy Co., Inc. Shareholders' equity Preferred stock, $1.00 par value Common stock, $0.10 par value Additional paid-in capital Retained earnings Accumulated other comprehensive income (loss) Total Best Buy Co., Inc. shareholders' equity Noncontrolling interest Total equity Total liabilities and equity -- 42 41 441 205 5,797 40 4,714 (317) 4,643 6,320 644 513 6,964 $ 18,302 5,156 $ 15,826 a. Compute ROE and ROA for 2010 Do not round until your final answer. Round your answer to two decimal places. ROE % ROA = % b. Confirm that ROE equals ROE computed using the component measures for profit margin, asset turnover, and financial leverage using: ROE = PM * AT * FL. Compute the components of ROE. Do not round until your final answer. Round answers to two decimal places. PM = 2.65 % AT = FL = c. Compute adjusted ROA. Assume a tax rate of: 37.0%. Round your answer to two decimal places. Adjusted ROA = %

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