The balance sheet of Wal greens, a leading chain drugstore, as of August 31, 2019, appears as
Question:
The balance sheet of Wal greens, a leading chain drugstore, as of August 31, 2019, appears as follows (dollars in millions):
INSTRUCTIONS:
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), current assets divided by current liabilities, current assets minus current liabilities, and the total liabilities divided by total shareholders' equity. Use the following key: increase (+), decrease (-), no effect (NE). Treat each transaction independently.
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