Show me the steps to solve Basic Ratio Analysis

Best Buy is a leading provider of technology products, services, and solutions. The following selected information is adapted from the company$$s January $28,2017,$ annual report. $($Dollar amounts are stated in millions.$)$

$$ Beginning

of the Year End

of the Year

Total current assets $$9,886$ $$10,516$

Total current liabilities $7,1226,925$

Total assets $13,51913,856$

Total stockholders$$ equity $4,3784,709$

Operating income $1,854$

Net income $1,228$

The company has long$-$term liabilities that bear interest at annual rates ranging from $6$ percent to $8$ percent.

Instructions

Compute the company$$s current ratio at $(1)$ the beginning of the year and $(2)$ the end of the year. $($Carry to two decimal places.$)$

Compute the company$$s working capital at $(1)$ the beginning of the year and $(2)$ the end of the year. $($Express dollar amounts in thousands.$)$

Is the company$$s short$-$term debt$-$paying ability improving or deteriorating?

Compute the company$$s $(1)$ return on average total assets and $(2)$ return on average stockholders$$ equity. $($Round average assets and average equity to the nearest dollar and final computations to the nearest $1$ percent.$)$

As an equity investor, do you think that Best Buy$$s management is utilizing the company$$s resources in a reasonably efficient manner? Explain.