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Problems P S-1 Best Buy Co, Inc.s consolidated balance sheets from its 2011 annual report are pre sented in Exhibit S-3 a. Using the balance sheets, prepare a vertical common-size analysis for 2011 and 2010 Use total assets as a base. continued

(P 5-1 CONTINUED) sing the balance sheets, prepare a horizontal common-size analysis fo 2010. Use 2010 as the base. b. U r 2011 and Comment on significant trends that appear in (a) and (b). c.
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Horizontal common Size BEST BUY CO, INC. Analysis February 2 February 27, 6, 2011 2010 D-C/B Remarks Increase or (Decrease Amount Percenta Assets Current Assets Cash & Cash equivalent (39.6%) and short term investments (75.6%) have decreased in 2011 whereas receivables have shown 103 Cash and cash e Short-term investments Receivables Merchandise inventories Other current assets 1,826 (723.00) (68.00) 328.00 ents 39.6%) an increased trend (16.2% 90 16.2% 41.00) (93.00) 1,103 Total current assets and Equipment Land and buildin Leasehold i Fixtures and e 164.00 254.00 4.701 95 7,453 under capital lease 52.00 699.00 Less accumulated depreciation 4,082 20.7% -6.1%)PPE has decreased by 6.1% in 2011 4.070(247.00) 2,452 159 279 Goodwill Tradenames, Net Customer Relationships, Net Equity and Other Investments Other Assets Total Assets Liabilities and Equi Current Liabilities 16.4%) All other assets have shown a decreasing trend in 2011 272% 328 435 17,849 452 18,302 17.00) (453) Current liabilities, long term liabilities, long term debt has shown 5,276(382.00) Accounts payable Unredeemed gift card liabilities Accrued co Accrued liabilities Accrued income taxes Short-term debt 7.2%) a decreasing trend in 2011. nsation and related expenses 544 26.00 4.8% 1,681(210.00) 60.00) (106.00) 406.00 (315.00) 256 19.0% Current ion of long-term debt 1160.0% Total current liabilities 1,183 1,256 Long Term Liabilities Term Debt 1,104(393.00) Contingencies and Commitments (Note 13 Best Buy Co.. Inc. ShareholdersBE Preferred stock, $1.00 par value Authorized 400,000 shares; Issued and outstanding Common stock, $0.10 par value Authorized 1.0 billion shares; Issued and outstanding 392.590,000 and Additional Retained ea 39 18 6,372 441(423.00) 575.00 133.00 282.00 46.00 328.00 95.9% Accumulated other co nsive income 332.5% 6,320 Total Best Buy Co.. Inc. shareholders Noncontrolling interests Total equity ,292 6,964 4.7%) Total equity has increased in 2011 by 4.7% Total Liabilities and Equi 17.849 18,302 453) Answer 3 Refer 1 & 2 above for comments on significant trends

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