On page 27 of Best Buy’s annual report for its fiscal year ended February 28, 2009, there is a five-year summary of financial highlights. (If you have trouble finding this page, you can look on the financial statements for this information.)
1. Identify the amounts reported for total assets at the four most recent year ends.
2. Identify the amounts reported for revenues and net earnings (net income) for the three most recent years.
3. Compute the asset turnover ratio for the two most recent fiscal years. In which fiscal year did the company make best use of its assets? How can you tell?

  • CreatedSeptember 01, 2014
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