Review the Balance sheet of the latest Walgreen Co. 10k Filing. Select two of the following questions to review/discuss:

1. Which current assets are the most significant? Explain your answer.
2. Which non-current assets are the most significant? Explain your answer.

It to Fill cials m n s nil an 1 men data WALGREENS BOOTS ALLIANCE, INC. AND SUBSIDIARJES CONSOLIDATED BALANCE SHEETS At August 31, 2020 and 2019 (in millions, except shares and per share amounts) Assets Current assets: Cash and cash equivalents Accounts receivabie, net Inventories Other current assets Total current assets Non-current assets: Property, plant and equipment, net Operating lease right-of-use asset Goodwill lntangibie assets, net Equity method investments (see note 5) Other non-current assets Total non-current asses Total assets Liabilities and equity Current liabilities: Short-term debt Trade accounts payable (see note 18) OPErating lease Obligation Accrued expenses and other liabilities Income taxes Total current liabilities Non-current lilbilih'ec: Long-term debt Operating lease obligation Deferred income taxes Other noncurrent liabilities Total non-current liabilities Commitments and contingencies (see note ill) Equity: Preferred sleek 501 par value; authorized 32 million shares, none issued Common stock $.01 par value; authorized 3.2 billion shares; issued 1,172,513,618 at August 31, 2020 and 2019 12 12 Paid-in capita! 10,761 10,639 Retained earnings 34,210 35,815 Accumulated other comprehensive loss (3,771) (3,897} Treasury stock, at cost; 306,910,099 shares at August 31, 2020 and 271,126,116 shares at August 31, 2019 (10,575) (191157} Total Walgreen}; Boots Alliance, Inc, shareholders' equity 20,637 23,512 Noneontxolling interests 498_ 641 Total equity 21,136 24,152 Total liabilities and equity 87,174 67,598 The accompanying notes to Consolidated Financial Statements are an integral part of these Statements