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x ***You must use cell references to earn credit. TJX Companies Inc. Dollar amounts in Millions $ Percentages Common-Size Balance Sheet Jan. 28, 2023 Jan.
x | ***You must use cell references to earn credit. | |||
TJX Companies Inc. | Dollar amounts in Millions $ | Percentages | ||
Common-Size Balance Sheet | Jan. 28, 2023 | Jan. 29, 2022 | Jan. 28, 2023 | Jan. 29, 2022 |
Current assets: | ||||
Cash and cash equivalents | $ 5,477 | $ 6,227 | 19.32% | 21.88% |
Accounts receivable, net | 563 | 518 | 1.99% | 1.82% |
Merchandise inventories | 5,819 | 5,962 | 20.53% | 20.95% |
Prepaid expenses and other current assets | 478 | 437 | 1.69% | 1.54% |
Federal, state and foreign income taxes recoverable | 119 | 115 | 0.42% | 0.40% |
Total current assets | 12,456 | 13,259 | 43.94% | 46.59% |
Net property at cost | 5,783 | 5,271 | 20.40% | 18.52% |
Non-current deferred income taxes, net | 158 | 185 | 0.56% | 0.65% |
Operating lease right of use assets | 9,086 | 8,854 | 32.05% | 31.11% |
Goodwill | 97 | 97 | 0.34% | 0.34% |
Other assets | 769 | 795 | 2.71% | 2.79% |
Total assets | $ 28,349 | $ 28,461 | 100.00% | 100.00% |
Current liabilities: | ||||
Accounts payable | 3,794 | 4,465 | 13.38% | 15.69% |
Accrued expenses and other current liabilities | 4,346 | 4,245 | 15.33% | 14.92% |
Current portion of operating lease liabilities | 1,610 | 1,577 | 5.68% | 5.54% |
Current portion of long-term debt | 500 | 0 | 1.76% | 0.00% |
Federal, state and foreign income taxes payable | 55 | 181 | 0.19% | 0.64% |
Total current liabilities | 10,305 | 10,468 | 36.35% | 36.78% |
Long-term liabilities: | ||||
Other long-term liabilities | 919 | 1,015 | 3.24% | 3.57% |
Non-current deferred income taxes, net | 127 | 44 | 0.45% | 0.15% |
Long-term operating lease liabilities | 7,775 | 7,576 | 27.43% | 26.62% |
Long-term debt | 2,859 | 3,355 | 10.09% | 11.79% |
Commitments and contingencies (See Note N) | 0.00% | 0.00% | ||
Total long-term liabilities | 11,680 | 11,990 | 41.20% | 42.13% |
Shareholders equity | ||||
Common stock, authorized 1,800,000,000 shares, par value $1, issued and outstanding 1,155,437,908 and 1,181,188,731 shares, respectively | 1,155 | 1,181 | 4.07% | 4.15% |
Additional paid-in capital | 0 | 0 | 0.00% | 0.00% |
Accumulated other comprehensive (loss) income | (606) | (687) | -2.14% | -2.41% |
Retained earnings | 5,815 | 5,509 | 20.51% | 19.36% |
Total shareholders equity | 6,364 | 6,003 | 22.45% | 21.09% |
Total liabilities and shareholders equity | $ 28,349 | $ 28,461 | 100.00% | 100.00% |
Answer the following questions based on the most recent year. | ||||
a. What are the companys 2 largest assets? | ||||
b. What are the companys 2 largest liabilities? | ||||
c. What percentage of total assets is financed by owners? | ||||
d. What percentage of total assets is financed by creditors? | ||||
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