Question

The balance sheet of Walgreens, a leading chain drugstore, as of August 31, 2012, appears as follows (dollars in millions):


REQUIRED:
Assume that the following eight transactions occurred the next year (dollars in millions). Indicate the effect of each transaction on net income (revenues minus expenses), the current ratio (current assets divided by current liabilities), working capital (current assets minus current liabilities), and the debt/equity ratio (total liabilities divided by total shareholders’ equity) of Walgreens. Use the following key: increase (+), decrease (–), no effect (NE). Treat each transactionindependently.


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  • CreatedAugust 19, 2014
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