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
Make 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
Receivables, net
Inventories
Prepaid income taxes
Prepaid expenses/other current assets
Assets held for sale
Total current assets
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