Examine the following selected financial information for Best Buy Co., Inc., and Wal-Mart Stores, Inc., as of

Question:

Examine the following selected financial information for Best Buy Co., Inc., and Wal-Mart Stores, Inc., as of the end of their 2010 fiscal years:

1. Complete the table, calculating all the requested information for the two companies.
2. Evaluate each companyâ€™s long-term debt-paying ability (strong, medium,weak).

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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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Question Posted: Apr 22, 2013 01:31 AM

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Examine the following selected financial information for Best Buy Co., Inc., and Wal-Mart Stores, Inc., as of

Question:

(In millions) Wal-Mart Stores, Inc. $180,663 S 71,247 s 25,542 S 1,928 Best Buy Co., Inc. 2. Stockholders' equity 3. Operating income..S 2,114 4. Interest expense 5. Leverage ratio 6. Total debt. 7. Debt ratio 8. Times interest earned.. S 7292 S 87

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Req 1 Best Buy Co Wal Mart Stores 5 Leverage ratio 17849 7292 245 180663 71247 253 6 Total debt 178...View the full answer

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