1. According to GAAP, what is the valuation method for short-term investment securities of bed bath beyond? According to GAAP, what is the valuation method for property, plant and equipment?

2. Calculate the market to book value for the two years presented. Use the following prices and the shares outstanding from on the financial statements to calculate market value: stock price on February 29, 2020 was $10.81 per share and stock price on February 27, 2021 was $26.86 per share. Comment on why these numbers are different from 1.00.

Consolidated Balance Sheets February 27, 100% 2021 February 29, 2020 100% 1,352,984 21% $ 1,671,909 595,152 26% 9% 13% 5% 27% 3% 1% 49% 1,000,340 385,642 2,093,869 248,342 98,092 3,826,285 20,380 1,430,604 2,006,966 506,280 7,790,515 ot 3,620,045 19,545 918,418 1,587,101 311,821 6,456,930 0% 56% 0% 14% 25% 5% 100% $ 18% 26% 6% 100% Assets Current assets: Cash and cash equivalents $ Short term investment securities Merchandise inventories Prepaid expenses and other currer Assets held-for-sale Total current assets Long term investment securities Property and equipment, net Operating lease assets Other assets Total assets $ Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ Accrued expenses and other curre Merchandise credit and gift card li Current operating lease liabilities Liabilities related to assets held-fo- Total current liabilities Other liabilities Operating lease liabilities Income taxes payable Long term debt Total liabilities Shareholders' equity: Preferred stock - $0.01 par value: - Common stock - $0.01 par value; Additional paid-in capital Retained earnings Treasury stock, at cost; 233,620 ar Accumulated other comprehensiv Total shareholders' equity Total liabilities and shareholders' $ 986,045 636,329 312,486 360,061 15%$ 10% 5% 6% 0.12 0.09 0.04 0.06 0.01 0.32 0.03 0.23 0.01 2,294,921 82,279 1,509,767 102,664 1,190,363 5,179,994 944,194 675,776 340,407 463,005 43,144 2,466,526 204,926 1,818,783 46,945 1,488,400 6,025,580 36% 1% 23% 2% 18% 0.19 77% 80% 0.00 3,432 2,152,135 10,225,253 (11,048,284) (55,600) 1,276,936 6,456,930 0.33 1.58 -171% -1% 20% 100% $ 3,436 2,167,337 10,374,826 (10,715,755) (64,909) 1,764,935 7,790,515 0.00 0.28 1.33 (1.38) (0.01) 0.23 100%