Question
The current asset portion of Darden Restaurants, Inc.'s balance sheet is as follows (in $ millions). Fiscal Year Ended May 27, 2018 May 28, 2017
The current asset portion of Darden Restaurants, Inc.'s balance sheet is as follows (in $ millions).
Fiscal Year Ended | |||||||
May 27, 2018 | May 28, 2017 | ||||||
Current assets: | |||||||
Cash and cash equivalents | $146.9 | $233.1 | |||||
Receivables, net | 83.7 | 75.9 | |||||
Inventories | 205.3 | 178.9 | |||||
Prepaid income taxes | 15.9 | 6.2 | |||||
Prepaid expenses and other current assets | 89.9 | 80.6 | |||||
Assets held for sale | 11.9 | 13.2 | |||||
Total current assets | $553.6 | $587.9 |
Prepare a horizontal analysis of Darden Restaurants' current assets. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round answers to 1 decimal place, e.g. 12.5.)
Fiscal Year Ended | ||||||||
5/27/2018 | 5/28/2017 | $ Change | % Change | |||||
Current assets: | ||||||||
Cash and cash equivalents | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | enter percentages % | ||||
Receivables, net | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter percentages % | ||||
Inventories | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter percentages % | ||||
Prepaid income taxes | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter percentages % | ||||
Prepaid expenses/other current assets | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter percentages % | ||||
Assets held for sale | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter percentages % | ||||
Total current assets | $enter a total amount | $enter a total amount | $enter a total amount |
Step 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