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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

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.

Accounts payable

477

Merchandise inventories

1,168

Accounts receivable

193

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

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