Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that longterm investments are
Fantastic news! We've Found the answer you've been seeking!
Question:
Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that long‑term investments are nonoperating.
FEB 1 2019 NOA= $______
Transcribed Image Text:
Following is the balance sheet for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Balance Sheet $ millions, except par value Feb. 1, 2019 Current assets Cash and cash equivalents Short-term investments, Merchandise inventory-net Other current assets Total current assets Property, less accumulated depreciation Long-term investments Deferred income taxes-net Goodwill Other assets Total assets Current liabilities Short-term borrowings Current maturities of long-term debt Accounts payable Accrued compensation and employee benefits Deferred revenue Other current liabilities Total current liabilities Long-term debt, excluding current maturities Deferred revenue-extended protection plans Other liabilities Total liabilities Shareholders' equity Preferred stock-$5 par value, none issued Common stock-$0.50 par value Capital in excess of par value. Retained earnings Accumulated other comprehensive loss Total shareholders' equity Total liabilities and shareholders' equity $430 183 10,570 789 11,972 15,511 215 247 255 837 $29,037 $608 934 6,967 557 1,093 2,041 12,200 12,110 696 967 25,973 335 2,905 (176) 3,064 $29,037 Following is the balance sheet for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Balance Sheet $ millions, except par value Feb. 1, 2019 Current assets Cash and cash equivalents Short-term investments, Merchandise inventory-net Other current assets Total current assets Property, less accumulated depreciation Long-term investments Deferred income taxes-net Goodwill Other assets Total assets Current liabilities Short-term borrowings Current maturities of long-term debt Accounts payable Accrued compensation and employee benefits Deferred revenue Other current liabilities Total current liabilities Long-term debt, excluding current maturities Deferred revenue-extended protection plans Other liabilities Total liabilities Shareholders' equity Preferred stock-$5 par value, none issued Common stock-$0.50 par value Capital in excess of par value. Retained earnings Accumulated other comprehensive loss Total shareholders' equity Total liabilities and shareholders' equity $430 183 10,570 789 11,972 15,511 215 247 255 837 $29,037 $608 934 6,967 557 1,093 2,041 12,200 12,110 696 967 25,973 335 2,905 (176) 3,064 $29,037
Expert Answer:
Answer rating: 100% (QA)
net operating assets NOA Total assets Total liabili... View the full answer
Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
Posted Date:
Students also viewed these finance questions
-
Compute net cash flow from operating activities for Tulsa Corporation under the indirect reporting format. Tulsa Corporation provided you with the following information for the current year. Compute...
-
Assume the same facts as in Q11- 16. Net assets that were undervalued at acqui-sition have a remaining estimated life of 10 years ( assume no residual value and straight- line depreciation). There is...
-
Compute the net cash flow from operating activities for Bernadino Company under the indirect reporting format. Bernadino Company provided you with the following information for the current year....
-
Figure 6.6 shows the derivative g'. If g(0) = 0, graph g. Give (x, y)-coordinates of all local maxima and minima. -g'(x)- 2 6. -1 Figure 6.6 5
-
Presented below are four independent situations. (a) On December 31, 2011, Beard Inc. sold computer equipment to Barber Co. and immediately leased it back for 10 years. The sales price of the...
-
The cost of educating a college student a. Is less than the cost of educating a high school student because college classes are generally large. b. Is equal to the cost of educating a high school...
-
What advantages do computer systems offer over manual systems?
-
Chemical Financial Corporation signs an agreement on January 1, 2014, to lease equipment to Chells, Inc. The following information relates to this agreement. 1. The term of the noncancelable lease is...
-
eBook Show Me How Question Content Area Financial Ratios The financial statements for Jackson Enterprises (income statement, statement of owners equity, and balance sheet) are shown. Jackson...
-
Use mesh analysis to find ix in Fig. 13.80, Where is = 4 cos(600t) A and vs = 110 cos(600t + 30º) 12 F 150 800 mH 600 mH
-
. Joseph Moore and Associates, a CPA ?rm, uses job-order costing to capture the costs of its audit jobs. There were no audit jobs in process at the beginning of November. Listed below are data con...
-
Novak Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck (not the least of which is that it runs). The new truck would cost...
-
For each of the give events below, determine the journal entry to recognize the provision, if any, on December 3 1 , 2 0 2 3 : a . One of the entity's tanker leaked hundreds of gallons of oil to the...
-
Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows:...
-
. Write a simple calculator program calc.c, that prompts the user a first operand, an operator, and a second operand, then computes the result. Use a switch statement to decide whether to perform...
-
Paragraph Styles ctions: On In this part of the assessment you must participate in a simulated role-play (3-5 minutes) where you are the agent meeting with Robert and Marcia to present the draft...
-
Accounting 301. Week 5: Quiz Saved 3 Zachary Boot Co. sells men's, women's, and children's boots. For each type of boot sold, It operates a separate department that has Its own manager. The manager...
-
Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...
-
Foster Corporation is in the third quarter of the current year. and projections are that net income will be down about $600.000 from the previous year. Foster's return on assets is also projected to...
-
Refer to the income statement and comparative balance sheets for Arctic Company presented in P4-48. Data from P4-48: REQUIRED: a. Compute Arctic Company's cash flow from operating activities using...
-
Analysts claim that it is more difficult to forecast net income for a company that uses LIFO. Why might this be true?
-
Computer Data Services (CDS) performs routine and custom information systems services for many companies in a large metropolitan area. CDS has built a reputation for high-quality customer service and...
-
Dwight Corporation has the following groups of individually insignificant leases at 12/31/15. Prepare journal entries to record impairment for each of the groups at 12/31/15. Total costs Total...
-
Lomax Company typically acquires a large number of individually insignificant properties each year. In computing impairment, Lomax groups these properties by year of acquisition. During 2015, Lomax...
Study smarter with the SolutionInn App