In case of verticle Balance sheet, each of item of balance sheets is expressed as percent of
Question:
In case of verticle Balance sheet, each of item of balance sheets is expressed as percent of Total Assets Accordingly, the Verticle Common size B/S is as follows:
Transcribed Image Text:
Absoluted 26-Feb- 27-Feb- 11 10 ASSETS Current Assets Cash and cash equivalents 1,103 1,826 Short term investments 22 90 Receivables 2,348 2,020 Merchandise inventories 5,897 5,486 Other current assets 1,144 1,103 Total current assets 10,473 10,566 Property and Equipments Land & Buildings 766 757 Leasehold improvements 2,154 2,318 Fixtures and equipments 4,701 4,447 Property under capital lease 120 95 Total 7,453 7,905 Less: Accumulated depreciation 4,082 3,383 Net property and equipments 3,823 4,070 Goodwill 2,454 2,452 Tradenames, net 133 159 Customer Relationship, net 203 279 Equity and other investments 328 324 Other assets 435 452 Total Assets 17,849 18,302 LIABILITIES AND EQUITY Current Liabilities Account Payables 4,894 5,276 Unredeemed card gift liabilities 474 463 Accrued compensation and relatedexpenses 570 544 Accrued liabilities 1,471 1,681 Accrued income taxes 256 316 Short term debts 557 663 Current portion of long term debts 441 35 Total current Jaibilities 8,663 8,978 Long term liabilities 1,183 1,256 Long term debts 711 1,104 Equity Best buy company In shareholders equity Preferred stock Common Equity 39 42 Additional paid-in capital 18 441 Retained earnings 6,372 5,797 Accumulated other comprehensive income 173 40 Total Best buy co, Inc shareholders equity 6,602 6,320 Non controlling interest 690 644 Total equity 7,292 6,964 Total Liabilities and equity 17,849 18,302
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
Verticle size Balance sheet In case of verticle Balance sheet each of item of balance sheets is expressed as percent of Total Assets Accordingly the V...View the full answer
Answered By
Deependra kumar jakhar
i have not yet received any exprience that is regular. but i have done a lot of such studies that give me exprience.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Amy Larkin, a first-year MBA student at a lending Eastern business school, was confused by her last finance class. The focus of the class had been a case involving Great Valu Variety Stores (Great...
-
Parts III, V, and VI of this case study dealt with obtaining an understanding of internal control and assessing control risk for transactions affecting accounts payable of Pinnacle Manufacturing. In...
-
Refer to the information given in Case 8-42 for Huron Chalk Company. Selected information from Hurons year-end balance sheets for its first two years of operation is as follows: In Case 8-42 HURON...
-
The 60-mm-diameter shaft rotates at 300 rev/min. This motion is caused by the unequal belt tensions on the pulley of 800 N and 450 N. Determine the power transmitted and the maximum shear stress...
-
Prove Equations 1.10 and 1.11 from trigonometric considerations.
-
The sample space shows all possible sequences of child gender for a family with 3 children. The table is organized by the number of girls in the family. a. How many outcomes are in the sample space?...
-
Create a domain dictionary for an ATM system.
-
Determine the expected value for each project and then rank the projects accordingly for the company to consider. Nexcom Systems develops information technology systems for commercial sale. Each year...
-
How do these parenting styles differ? How might each parenting style affect socioemotional development? What is an example of a behavior exhibited by both the parent and the child associated with...
-
If the resultant force acting on the bracket is FR = {? 300i + 650j + 250k} N, determine the magnitude and coordinate direction angles of F. 45 30- F= 750 N
-
Answer the following two questions based on the monthly cash flow 1) The business needs to increase its cash flow in: 2) In which month does this business have an overdraft in the bank? 3) In April...
-
Martice Smith and Associates is considering investing $5,000,000 in a new motel and has predicted the following income stream over its 10-year life The motel is expected to have no salvage value at...
-
In Exercises represent the plane curve by a vector valued function. (x - 2) + y = 4
-
What are the key principles underlying the O(1) scheduler in the Linux kernel, and how does it achieve constant-time scheduling decisions regardless of the number of processes in the system?
-
Given f(x) = |x-2|and g (x) = 3/x^2+2 find f (g (-2)
-
A standing transverse wave is formed in a string that is 5.0 m long. Both ends of the string are fixed. Eight loops are present in the standing wave. Answer the following questions about the wave....
-
23. Consider a Danish company that has a substantial operation in the U.S. and receives cash flows in U.S. dollars. It anticipates the receipt of $100 million in one year. The current forward rate...
-
A quantity of steel in the amount of $423,000.0 is needed for a project, payment due (from contractor to steel fabricator) at the project begin date. The steel is expected to be erected in Month 2...
-
Professor Orley Ashenfelter of Princeton University is a pioneer in the field of wine economics. He claims that, contrary to old orthodoxy, the quality of wine can be explained mostly in terms of...
-
Suppose the market is semistrong form efficient. Can you expect to earn excess returns if you make trades based on? a. Your brokers information about record earnings for a stock? b. Rumors about a...
-
Redo Problem 6-38 to calculate the EUAW of the alternatives as a function of miles driven per year to see if there is a crossover point in the decision process. Graph your results.
-
Set up Problem 6-18 on a spreadsheet to make all the input data variable and determine various scenarios which would make the bailer economical.
-
Develop a spreadsheet to solve Problem 6-44. What A is the breakeven cost of the additional pumping investment in year 10?
-
Textile Crafts Company (TCC) sells craft kits and supplies to retail outlets and through online sites such as Etsy.com. Some of the items are manufactured by TCC, while others are purchased for...
-
Find the missing value in the following table. The following financial statement information is from five separate companies. Company Company Company Company Company A B C D E December 31, 2016...
-
Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $60,550 is due in 2024. For Notes receivable, $41,500...
Study smarter with the SolutionInn App