1. What are the two main parts of the balance sheet?
2. Give at least one cause for concern from each part that MAY imply that the firm is under distress. Give a brief justification for your choice.

GAMESTOP CORP. CONSOLIDATED BALANCE SHEETS (in millions, except par value per share) February 1, 2020 February 2, 2019 499.4 $ 141.9 1,624.4 134.2 1,250.5 118.6 859.7 120.9 11.8 ASSETS Current assets: Cash and cash equivalents Receivables, net Merchandise inventories, net Prepaid expenses and other current assets Assets held for sale Total current assets Property and equipment, net Operating lease right-of-use assets Deferred income taxes Goodwill Other noncurrent assets Total assets 3,127.7 321.3 1,633.7 275.9 767.0 83.0 147.3 363.9 84.1 4,044.3 60.1 2,819.7 $ $ $ 380.8 $ 1,051.9 780.0 617.5 239.4 349.2 2,181.1 471.6 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued liabilities and other current liabilities Current portion of operating lease liabilities Current portion of debt, net Total current liabilities Long-term debt, net Operating lease liabilities Other long-term liabilities Total liabilities Commitments and contingencies (Note 12) Stockholders' equity: Class A common stock $.001 par value; authorized 300.0 shares; 64.3 and 102.0 shares issued, 64.3 and 102.0 shares outstanding, respectively Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1,237.7 419.8 529.3 21.4 2,208.2 55.4 2,708.1 0.1 (78.8) 690.2 611.5 2,819.7 $ 0.1 27.7 (54.3) 1,362.7 1,336.2 4,044.3 $ GAMESTOP CORP. CONSOLIDATED BALANCE SHEETS (in millions, except par value per share) February 1, 2020 February 2, 2019 499.4 $ 141.9 1,624.4 134.2 1,250.5 118.6 859.7 120.9 11.8 ASSETS Current assets: Cash and cash equivalents Receivables, net Merchandise inventories, net Prepaid expenses and other current assets Assets held for sale Total current assets Property and equipment, net Operating lease right-of-use assets Deferred income taxes Goodwill Other noncurrent assets Total assets 3,127.7 321.3 1,633.7 275.9 767.0 83.0 147.3 363.9 84.1 4,044.3 60.1 2,819.7 $ $ $ 380.8 $ 1,051.9 780.0 617.5 239.4 349.2 2,181.1 471.6 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued liabilities and other current liabilities Current portion of operating lease liabilities Current portion of debt, net Total current liabilities Long-term debt, net Operating lease liabilities Other long-term liabilities Total liabilities Commitments and contingencies (Note 12) Stockholders' equity: Class A common stock $.001 par value; authorized 300.0 shares; 64.3 and 102.0 shares issued, 64.3 and 102.0 shares outstanding, respectively Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1,237.7 419.8 529.3 21.4 2,208.2 55.4 2,708.1 0.1 (78.8) 690.2 611.5 2,819.7 $ 0.1 27.7 (54.3) 1,362.7 1,336.2 4,044.3 $