Best Buy Co., Inc.s consolidated balance sheets from its 2009 annual report are presented in Exhibit 5-3.

Question:

Best Buy Co., Inc.’s consolidated balance sheets from its 2009 annual report are presented in Exhibit 5-3.

Required
a. Using the balance sheets, prepare a vertical common-size analysis for 2009 and 2008. Use total assets as a base.
b. Using the balance sheets, prepare a horizontal common-size analysis for 2009 and 2008. Use 2008 as the base.
c. Comment on significant trends that appear in (a) and (b).