FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Consolidated Balance Sheet
$ millions, except par value Feb. 1, 2019
Current assets
Cash and cash equivalents
Short-term investments
Merchandise inventory-net
Other current assets
Total current assets
Property, less accumulated depreciation
Long-term investments
Deferred income taxes-net
Goodwill
Other assets
Total assets
Current liabilities
Short-term borrowings
Current maturities of long-term debt
Accounts payable
Accrued compensation and employee benefits
Deferred revenue
Other current liabilities
Total current liabilities
Long-term debt, excluding current maturities
Deferred revenue-extended protection plans
Other liabilities
Total liabilities
Shareholders equity
Preferred stock-$5 par value, none issued
Common stock-$0.50 par value
Capital in excess of par value
Retained earnings
Accumulated other comprehensive loss
Total shareholders' equity
Total liabilities and shareholders equity
$430
183
10,570
789
11,972
15,511
215
247
255
837
$29,037
NOA S
$608
934
6,967
557
1,093
2,041
12,200
12,110
696
967
25,973
335
2,905
(176)
3,064
$29,037
Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that long-term investments are nonoperating
Feb. 01, 2019
0
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Transcribed Image Text:Consolidated Balance Sheet $ millions, except par value Feb. 1, 2019 Current assets Cash and cash equivalents Short-term investments Merchandise inventory-net Other current assets Total current assets Property, less accumulated depreciation Long-term investments Deferred income taxes-net Goodwill Other assets Total assets Current liabilities Short-term borrowings Current maturities of long-term debt Accounts payable Accrued compensation and employee benefits Deferred revenue Other current liabilities Total current liabilities Long-term debt, excluding current maturities Deferred revenue-extended protection plans Other liabilities Total liabilities Shareholders equity Preferred stock-$5 par value, none issued Common stock-$0.50 par value Capital in excess of par value Retained earnings Accumulated other comprehensive loss Total shareholders' equity Total liabilities and shareholders equity $430 183 10,570 789 11,972 15,511 215 247 255 837 $29,037 NOA S $608 934 6,967 557 1,093 2,041 12,200 12,110 696 967 25,973 335 2,905 (176) 3,064 $29,037 Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that long-term investments are nonoperating Feb. 01, 2019 0
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