Question

Best Buy Co, Inc. is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended February 28, 2009, are shown below.

Required:
1. Determine the following ratios for Best Buy for its fiscal year ended February 28, 2009:
1. Current ratio
2. Acid-test ratio
3. Debt to equity ratio
4. Times interest earned ratio
2. Using the ratios from requirement 1, assess Best Buy's liquidity and solvency relative to its industry.



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  • CreatedJune 24, 2013
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