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Best Buy Co., Inc.s consolidated balance sheets from its 2009 annual report are presented in Exhibit 5-3. Required a. Using

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Best Buy Co., Inc.’s consolidated balance sheets from its 2009 annual report are presented in Exhibit 5-3.

Required
a. Using the balance sheets, prepare a vertical common-size analysis for 2009 and 2008. Use total assets as a base.
b. Using the balance sheets, prepare a horizontal common-size analysis for 2009 and 2008. Use 2008 as the base.
c. Comment on significant trends that appear in (a) and (b).

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a Best Buy Co Inc Vertical Common Size Balance Sheet In Percentage February 28 2009 March 1 2008 Assets Current assets Cash and cash equivalents 3 1 11 3 Short term investments 1 5 Receivables 11 8 4 …View the full answer


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Financial Reporting and Analysis Using Financial Accounting Information

Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

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Question Details
Chapter # 5
Section: Problems
Problem: 1
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Question Posted: June 22, 2012 09:08:37
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