The following is the balance sheet for Staples for 2017. STAPLES, INC. AND SUBSIDIARIES Consolidated Balance Sheets
Question:
The following is the balance sheet for Staples for 2017.
STAPLES, INC. AND SUBSIDIARIES | |
Consolidated Balance Sheets |
(in millions) | January 28, 2017 | |
Cash and cash equivalents | $1,137 | |
Receivables, net | 1,538 | |
Merchandise inventories, net | 1,737 | |
Prepaid expenses and other current assets | 251 | |
Current assets of discontinued operations | 568 | |
Total current assets | 5,231 | |
Net property and equipment | 1,147 | |
Intangible assets, net | 205 | |
Goodwill | 1,290 | |
Other assets | 398 | |
Total assets | $8,271 | |
Accounts payable | $1,706 | |
Accrued expenses and other current liabilities | 1,023 | |
Debt maturing within one year | 519 | |
Current liabilities of discontinued operations | 402 | |
Total current liabilities | 3,650 | |
Long-term debt | 529 | |
Other long-term obligations | 396 | |
Common stock | 1 | |
Additional paid-in capital | 5,067 | |
Accumulated other comprehensive loss | (1,053 | ) |
Retained earnings | 5,092 | |
Treasury stock | (5,419 | ) |
Total Staples, Inc. stockholders' equity | 3,688 | |
Noncontrolling interest | 8 | |
Total stockholders' equity | 3,696 | |
Total liabilities and stockholders' equity | $8,271 |
Required:
a. | Calculate operating assets for 2017. |
b. | Calculate operating liabilities for 2017. |
c. | Determine net operating assets (NOA) for 2017. |
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson