Homework Answers
1-a.
Current ratio = Total Current assets / Total Current liabilities
= $9,981 / $7,675
= 1.30
1-b.
Acid test ratio = (Cash and cash equivalent + Short term investment + Accounts receivable) / Current liabilities
= ($2,026 + $1,310 + $1,187) / $7,675
= $4,523 / $7,675
= 0.59
1-c.
Debt to equity ratio = Total debt / Shareholders equity
Total debt = Total current liabilities + Long term liabilities
= $7,675 + $2,226
= $9,901
Debt to equity ratio = $9,901 / $3,738
= 2.65
1-d.
Times interest earned ratio = Income before interest and taxes / Interest expense
Income before interest and taxes = $1,325 + $125
= $1,450
Times interest earned ratio = $1,450 / $125
= 11.6 times
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Bargain Deal, Inc. is a leading retailer specializing in consumer electronics. A condensed income statement and...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 28, 2017, are shown below. Bargain Deal, Inc. Balance Sheet At January 28, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sh fiscal year ended January 28, 2017, are shown below. Bargain Deal, Inc. Balance Sheet At January 28, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Shareholders' equity...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 28, 2017, are shown below. Bargain Deal, Inc. Balance Sheet At January 28, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below. Bargain Deal, Inc. Balance Sheet At January 30, 2016 ($ in millions) Assets Current assets: Cash and cash equivalents $ 2,066 Short-term investments 1,314 Accounts receivable, net 1,207 Merchandise inventories 5,060 Other current assets 410 Total current assets 10,057 Long-term assets 3,678 Total assets $ 13,735 Liabilities and Shareholders' Equity Current...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below Balance Sheet At January 30, 2016 Assets Current assets: Cash and cash equivalents Short-term investnents Accounts receivable, net Merchandise inventories Other current assets 2,136 1,321 1,242 ,067 424 10,190 3,713 Total current assets Long-tern assets Total assets $13,903 Liabilities and Shareholders' Equity Current liabilities: Accounts payable 5,250 4,075 9,325 2,248 2,330...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below. Bargain Deal, Inc. Balance Sheet At January 30, 2016 Assets Current assets Cash and cash equivalents Short-term investnenta Accounts receivable, net Merchandise inventoriea Other current assets 2,136 1,321 1,242 5,067 424 10,190 3,713 Total current assets Long-term assets Total assets $13,903 Liabilities and Shareholders' Equity Current İiabilities Accounts payable 5,250 Other...
Exercise 3-17 Calculating ratios; Bargain Deal [LO3-8 Bargain Deal, Inc., is a leading retailer specializing in...
Exercise 3-17 Calculating ratios; Bargain Deal [LO3-8 Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below Bargain Deal, Inc. Balance Sheet At January 30, 2016 (s in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net Merchandise inventories Other current assets $ 2,036 1,311 1,192 5,057 404 10,000 3,663 $13,663 Total current assets Long-term assets Total...
Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement...
Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 28, 2017, are shown below. Best Buy Co, Inc. Balance Sheet At January 28, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities...
lalizing In consumer electronics. A condensed income statement and balance sheet for the Bargain Deal, Inc.,...
lalizing In consumer electronics. A condensed income statement and balance sheet for the Bargain Deal, Inc., is a leading retailer spec fiscal year ended January 30, 2016, are shown below. 1, Inc Balance Sheet At January 30, 2016 Assets Current assetS1 Cash and cash equivalents Short-term investments Accounts receivable, net Merchandise inventories Other current assets 2,136 1,321 1,242 5,067 424 10,190 3, 713 Total current assetB Long-term assets Total assets $13,903 Liabilities and Shareholder Equity Current liabilities Accounts payable 5,250...
can some one help me with 1-d It keep saying it wrong Bargain Deal, Inc., is...
can some one help me with 1-d It keep saying it
wrong
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics A condensed income statement and balance sheet for 1 fiscal year ended January 28, 2017. are shown below Bargain Deal, Inc. Balance Sheet At January 28, 2017 5 in milions) Assets Current assets: Cash and cash equivalents Short tern investments Accounts receivable (not) Inventory Other current assets Total current assets Long term assets Total assets Liabilities and...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 28, 2017, are shown below. Bargain Deal, Inc. Balance Sheet At January 28, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sh fiscal year ended January 28, 2017, are shown below. Bargain Deal, Inc. Balance Sheet At January 28, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Shareholders' equity...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 28, 2017, are shown below. Bargain Deal, Inc. Balance Sheet At January 28, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below Balance Sheet At January 30, 2016 Assets Current assets: Cash and cash equivalents Short-term investnents Accounts receivable, net Merchandise inventories Other current assets 2,136 1,321 1,242 ,067 424 10,190 3,713 Total current assets Long-tern assets Total assets $13,903 Liabilities and Shareholders' Equity Current liabilities: Accounts payable 5,250 4,075 9,325 2,248 2,330...
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below. Bargain Deal, Inc. Balance Sheet At January 30, 2016 Assets Current assets Cash and cash equivalents Short-term investnenta Accounts receivable, net Merchandise inventoriea Other current assets 2,136 1,321 1,242 5,067 424 10,190 3,713 Total current assets Long-term assets Total assets $13,903 Liabilities and Shareholders' Equity Current İiabilities Accounts payable 5,250 Other...
Exercise 3-17 Calculating ratios; Bargain Deal [LO3-8 Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below Bargain Deal, Inc. Balance Sheet At January 30, 2016 (s in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net Merchandise inventories Other current assets $ 2,036 1,311 1,192 5,057 404 10,000 3,663 $13,663 Total current assets Long-term assets Total...
Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 28, 2017, are shown below. Best Buy Co, Inc. Balance Sheet At January 28, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities...
lalizing In consumer electronics. A condensed income statement and balance sheet for the Bargain Deal, Inc., is a leading retailer spec fiscal year ended January 30, 2016, are shown below. 1, Inc Balance Sheet At January 30, 2016 Assets Current assetS1 Cash and cash equivalents Short-term investments Accounts receivable, net Merchandise inventories Other current assets 2,136 1,321 1,242 5,067 424 10,190 3, 713 Total current assetB Long-term assets Total assets $13,903 Liabilities and Shareholder Equity Current liabilities Accounts payable 5,250...
can some one help me with 1-d It keep saying it
wrong
Bargain Deal, Inc., is a leading retailer specializing in consumer electronics A condensed income statement and balance sheet for 1 fiscal year ended January 28, 2017. are shown below Bargain Deal, Inc. Balance Sheet At January 28, 2017 5 in milions) Assets Current assets: Cash and cash equivalents Short tern investments Accounts receivable (not) Inventory Other current assets Total current assets Long term assets Total assets Liabilities and...
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