A recent annual report issued by Best Buy revealed the following data. The company's income statement reported
Question:
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The company's income statement reported total annual revenue of $40,339 million and net income for the year of $1,233 million.
Instructions
a. Evaluate Best Buy's profitability by computing its net income percentage and its return on equity for the year.
b. Evaluate Best Buy's liquidity by computing its working capital and its current ratio at the beginning of the year and at the end of the year.
c. Does Best Buy appear to be both profitable and liquid? Explain.
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a Net income percentage Net IncomeTotal Revenue 1233 million40339 million 31 Return on equity Net In...View the full answer
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Related Book For 
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-1259692406
18th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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