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Use the following information from Ulta Beauty, Inc.'s financial statements for the fiscal year ended January 30, 2021 to answer the next four questions. Assume

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Use the following information from Ulta Beauty, Inc.'s financial statements for the fiscal year ended January 30, 2021 to answer the next four questions. Assume Prepaid expenses will be used up within a year, Wages payable will be paid within a year, and Unearned revenue will be earned within a year. Accounts are listed in alphabetical order. All amounts are in millions of dollars. LITA Accounts payable 477 Merchandise inventories 1,168 Accounts receivable 195 Other current liabilities 296 Accumulated depreciation 1,572 Other long-term assets 1,579 Cash 1,046 Other long-term liabilities 103 Common stock 848 Prepaid expenses 108 Cost of goods sold 4,203 Property and equipment 2,568 Depreciation expense 298 Retained earnings 1,152 Dividends 0 Sales 6,152 Income tax expense 55 Selling and administrative expenses 1,414 Interest expense 6 Unearned revenue 275 Long-term debt 1,643 Wages payable 296 1. Calculate Ulta's Total Current Assets as of January 30, 2021. a. $943 million b. $1,347 million c. $2,407 million d. $2,515 million 2. Calculate Ulta's Total Assets as of January 30, 2021. a. $8,234 million b. $5,090 million c. $3,511 million d. $2,575 million 3. Calculate Ulta's Total Current Liabilities as of January 30, 2021. a. $2,916 million b. $1,344 million c. $1,069 million d. $1,048 million 4. Calculate Ulta's Net Income or Net Loss for the year ended January 30, 2021. a. $68 million Net Loss b. $451 million Net Income c. $1,396 million Net Loss d. $176 million Net Income

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