Identify and Compute Net Operating Assets Following is the balance sheet for Lowe’s Companies Inc. LOWE’S COMPANIES INC. Consolidated Balance Sheet $ millions, except par value Feb. 1, 2019 Current assets Cash and cash equivalents $430 Short-term investments 183 Merchandise inventory—net 10,570 Other current assets 789 Total current assets 11,972 Property, less accumulated depreciation 15,511 Long-term investments 215 Deferred income taxes—net 247 Goodwill 255 Other assets 837 Total assets $29,037 Current liabilities Short-term borrowings $608 Current maturities of long-term debt 934 Accounts payable 6,967 Accrued compensation and employee benefits 557 Deferred revenue 1,093 Other current liabilities 2,041 Total current liabilities 12,200 Long-term debt, excluding current maturities 12,110 Deferred revenue—extended protection plans 696 Other liabilities 967 Total liabilities 25,973 Shareholders’ equity Preferred stock—$5 par value, none issued - Common stock—$0.50 par value 335 Capital in excess of par value - Retained earnings 2,905 Accumulated other comprehensive loss (176) Total shareholders’ equity 3,064 Total liabilities and shareholders’ equity $29,037 Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that long‑term investments are nonoperating. Feb. 01, 2019 NOA Answer
Identify and Compute Net Operating Assets Following is the balance sheet for Lowe’s Companies Inc. LOWE’S COMPANIES INC. Consolidated Balance Sheet $ millions, except par value Feb. 1, 2019 Current assets Cash and cash equivalents $430 Short-term investments 183 Merchandise inventory—net 10,570 Other current assets 789 Total current assets 11,972 Property, less accumulated depreciation 15,511 Long-term investments 215 Deferred income taxes—net 247 Goodwill 255 Other assets 837 Total assets $29,037 Current liabilities Short-term borrowings $608 Current maturities of long-term debt 934 Accounts payable 6,967 Accrued compensation and employee benefits 557 Deferred revenue 1,093 Other current liabilities 2,041 Total current liabilities 12,200 Long-term debt, excluding current maturities 12,110 Deferred revenue—extended protection plans 696 Other liabilities 967 Total liabilities 25,973 Shareholders’ equity Preferred stock—$5 par value, none issued - Common stock—$0.50 par value 335 Capital in excess of par value - Retained earnings 2,905 Accumulated other comprehensive loss (176) Total shareholders’ equity 3,064 Total liabilities and shareholders’ equity $29,037 Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that long‑term investments are nonoperating. Feb. 01, 2019 NOA Answer
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Identify and Compute Net Operating Assets
Following is the
| LOWE’S COMPANIES INC. | |
|---|---|
| Consolidated Balance Sheet | |
| $ millions, except par value Feb. 1, 2019 | |
| Current assets | |
| Cash and cash equivalents | $430 |
| Short-term investments | 183 |
| Merchandise inventory—net | 10,570 |
| Other current assets | 789 |
| Total current assets | 11,972 |
| Property, less accumulated |
15,511 |
| Long-term investments | 215 |
| 247 | |
| 255 | |
| Other assets | 837 |
| Total assets | $29,037 |
| Current liabilities | |
| Short-term borrowings | $608 |
| Current maturities of long-term debt | 934 |
| Accounts payable | 6,967 |
| Accrued compensation and employee benefits | 557 |
| Deferred revenue | 1,093 |
| Other current liabilities | 2,041 |
| Total current liabilities | 12,200 |
| Long-term debt, excluding current maturities | 12,110 |
| Deferred revenue—extended protection plans | 696 |
| Other liabilities | 967 |
| Total liabilities | 25,973 |
| Shareholders’ equity | |
| - | |
| Common stock—$0.50 par value | 335 |
| Capital in excess of par value | - |
| 2,905 | |
| Accumulated other comprehensive loss | (176) |
| Total shareholders’ equity | 3,064 |
| Total liabilities and shareholders’ equity | $29,037 |
Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that long‑term investments are nonoperating.
| Feb. 01, 2019 | |
|---|---|
| NOA |
Answer
|
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