Question: Using the following information from an annual report, prepare a vertical analysis of the consolidated balance sheet at June 30, 20x5. (Round percentage answers to
Using the following information from an annual report, prepare a vertical analysis of the consolidated balance sheet at June 30, 20x5. (Round percentage answers to one decimal place.)
| June 30, 20x5 | |
| (In millions) | |
| Cash and cash equivalents | $ 584 |
| Accounts and other receivables | 182 |
| Merchandise inventories | 2,027 |
| Prepaid expenses and other current assets | 80 |
| Total current assets | $2,873 |
| Real estate, net | $2,342 |
| Other, net | 2,113 |
| Total property and equipment | $4,455 |
| Goodwill, net | $ 374 |
| Other assets | 651 |
| Total assets | $8,353 |
| Short-term borrowings | $ 278 |
| Accounts payable | 1,617 |
| Accrued expenses and other current liabilities | 836 |
| Income taxes payable | 107 |
| Total current liabilities | $2,838 |
| Long-term debt | $1,230 |
| Deferred income taxes | 362 |
| Other liabilities | 243 |
| Total liabilities | $4,673 |
| Common stock | $ 30 |
| Additional paid-in capital | 453 |
| Retained earnings | 4,757 |
| Foreign currency translation adjustments | (137) |
| Treasury shares, at cost | (1,423) |
| Total stockholders' equity | $3,680 |
| Total liabilities and stockholders' equity | $8,353 |
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