Question

Best Buy Co., Inc. Consolidated Balance Sheets Dec.31 ($ in millions, except per share amounts) Assets December December 31, 2007 31, 2006 Vertical Common Size for 2007 Horizontal Common St $ 1,205 2,588 548 4,028 $ 748 3,041 449 3,338 409 7,985 712 9,081 Current Assets Cash and cash equivalents Short-term investments Receivables Merchandise inventories Other current assets Total current assets Property and Equipment Land and buildings Leasehold improvements Fixtures and equipment Property under capital lease Total Property and equipment Less accumulated depreciation Net property and equipment Goodwill Trade names Long-Tenn Investments Other Assets Total Assets 580 1,325 2,898 33 705 1,540 2,627 32 4,904 1.966 2.938 919 81 318 233 $ 13,570 4,836 2,124 2,712 557 44 218 348 S11,864 بات المتحدة

Answer 1

-Accounts Receivalue Turnover Ratio = Net credit sales Average-Accocento Receivamen $ $548+ 4449) 2 δοσοσο $ 498.5 120.36 Accounts Receivaule turnover in Average-Accounts receivalues Net credit sales days ratio X 365 days x 365 days $498-5 $60000 3.03 days. cost of goods sold Inventory Turnover ratio e Inventory Average $ 38000 $4028 + $ 3338) $36000 $3683 10.32 Inventory tumover ratio in days - Average Inventory +365 days current Ratio : cost of goods sold $36€ 3 * 365 days - 35.38 $320DO current tirets current u alu cities $9001 $6301 1.44 1/1 =

-Avid test ratio , current Acreto - Inventory current lialities $9081 - $4028 $6301 - 0.8 computation of operating cycle: Operating cycle - Inventory period + Accounts receivabile period Joventong period 365days inventory turnover 365days 10:32 Inventory period - 35.37 Accounts Receivacue period 365 days Receivaliles turnover 365days 120,36 - 3.03 Operating cycle = 35.37 + 3.03 = 38.4 days Crna 2/2 =