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Table of Contents AutoZone, Inc. Consolidated Balance Sheets August 31, 2019 August 25, 2018 (in thousands) Assets Current assets: Cash and cash equivalents 176,300 308,995 4,319,113 224,277 217,824 258,136 3,943,670 216,239 Accounts receivable Merchandise inventories Other current assets Total current assets 5,028,685 4,635,869 Property and equipment: Land Buildings and improvements Equipment Leasehold improvements Construction in progress 1,147,709 3,895,559 1,991,042 552,018 126,868 1,107,092 3,698,010 1,841,330 504,656 140,535 7,713,196 3,314,445 7,291,623 3,073,223 Less: Accumulated depreciation and amortization 4,398,751 302,645 26,861 138,971 4,218,400 302,645 34,620 155,446 Goodwill Deferred income taxes Other long-term assets 468,477 492,711 $ 9,895,913 $ 9,346,980 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable Accrued expenses and other Income taxes payable $ 4,864,912 621,932 25,297 $ 4,409,372 606,894 12,415 Total current liabilities 5,512,141 5,206,344 311,980 579,299 5,028,681 5,005,930 285,204 547,520 Long-term debt Deferred income taxes Other long-term liabilities Commitments and contingencies Stockholders' deficit: Preferred stock, authorized 1,000 shares; no shares issued Common stock, par value $.01 per share, authorized 200,000 shares; 25,445 shares issued and 24,038 shares outstanding in 2019 and 27,530 shares issued and 25,742 shares outstanding in 2018 Additional paid-in capital 254 275 1,264,448 (1,305,347) (269,322) (1,403,884) (1,713,851) $ 9,895,913 1,155,426 (1,208,824) (235,805) (1,231,427) (1,520,355) $ 9,346,980 Retained deficit Accumulated other comprehensive loss Treasury stock, at cost Total stockholders' deficit

Table of Contents AutoZone, Inc. Consolidated Balance Sheets August 31, 2019 August 25, 2018 (in thousands) Assets Current assets: Cash and cash equivalents 176,300 308,995 4,319,113 224,277 217,824 258,136 3,943,670 216,239 Accounts receivable Merchandise inventories Other current assets Total current assets 5,028,685 4,635,869 Property and equipment: Land Buildings and improvements Equipment Leasehold improvements Construction in progress 1,147,709 3,895,559 1,991,042 552,018 126,868 1,107,092 3,698,010 1,841,330 504,656 140,535 7,713,196 3,314,445 7,291,623 3,073,223 Less: Accumulated depreciation and amortization 4,398,751 302,645 26,861 138,971 4,218,400 302,645 34,620 155,446 Goodwill Deferred income taxes Other long-term assets 468,477 492,711 $ 9,895,913 $ 9,346,980 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable Accrued expenses and other Income taxes payable $ 4,864,912 621,932 25,297 $ 4,409,372 606,894 12,415 Total current liabilities 5,512,141 5,206,344 311,980 579,299 5,028,681 5,005,930 285,204 547,520 Long-term debt Deferred income taxes Other long-term liabilities Commitments and contingencies Stockholders' deficit: Preferred stock, authorized 1,000 shares; no shares issued Common stock, par value $.01 per share, authorized 200,000 shares; 25,445 shares issued and 24,038 shares outstanding in 2019 and 27,530 shares issued and 25,742 shares outstanding in 2018 Additional paid-in capital 254 275 1,264,448 (1,305,347) (269,322) (1,403,884) (1,713,851) $ 9,895,913 1,155,426 (1,208,824) (235,805) (1,231,427) (1,520,355) $ 9,346,980 Retained deficit Accumulated other comprehensive loss Treasury stock, at cost Total stockholders' deficit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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what is the total stockholders' equity?

is it the same as total stockholders' deficit? I am looking for the average stockholders' equity to do the Return on Equity formula.

Table of Contents AutoZone, Inc. Consolidated Balance Sheets August 31, 2019 August 25, 2018 (in thousands) Assets Current assets: Cash and cash equivalents 176,300 308,995 4,319,113 224,277 217,824 258,136 3,943,670 216,239 Accounts receivable Merchandise inventories Other current assets Total current assets 5,028,685 4,635,869 Property and equipment: Land Buildings and improvements Equipment Leasehold improvements Construction in progress 1,147,709 3,895,559 1,991,042 552,018 126,868 1,107,092 3,698,010 1,841,330 504,656 140,535 7,713,196 3,314,445 7,291,623 3,073,223 Less: Accumulated depreciation and amortization 4,398,751 302,645 26,861 138,971 4,218,400 302,645 34,620 155,446 Goodwill Deferred income taxes Other long-term assets 468,477 492,711 $ 9,895,913 $ 9,346,980 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable Accrued expenses and other Income taxes payable $ 4,864,912 621,932 25,297 $ 4,409,372 606,894 12,415 Total current liabilities 5,512,141 5,206,344 311,980 579,299 5,028,681 5,005,930 285,204 547,520 Long-term debt Deferred income taxes Other long-term liabilities Commitments and contingencies Stockholders' deficit: Preferred stock, authorized 1,000 shares; no shares issued Common stock, par value $.01 per share, authorized 200,000 shares; 25,445 shares issued and 24,038 shares outstanding in 2019 and 27,530 shares issued and 25,742 shares outstanding in 2018 Additional paid-in capital 254 275 1,264,448 (1,305,347) (269,322) (1,403,884) (1,713,851) $ 9,895,913 1,155,426 (1,208,824) (235,805) (1,231,427) (1,520,355) $ 9,346,980 Retained deficit Accumulated other comprehensive loss Treasury stock, at cost Total stockholders' deficit
Transcribed Image Text:Table of Contents AutoZone, Inc. Consolidated Balance Sheets August 31, 2019 August 25, 2018 (in thousands) Assets Current assets: Cash and cash equivalents 176,300 308,995 4,319,113 224,277 217,824 258,136 3,943,670 216,239 Accounts receivable Merchandise inventories Other current assets Total current assets 5,028,685 4,635,869 Property and equipment: Land Buildings and improvements Equipment Leasehold improvements Construction in progress 1,147,709 3,895,559 1,991,042 552,018 126,868 1,107,092 3,698,010 1,841,330 504,656 140,535 7,713,196 3,314,445 7,291,623 3,073,223 Less: Accumulated depreciation and amortization 4,398,751 302,645 26,861 138,971 4,218,400 302,645 34,620 155,446 Goodwill Deferred income taxes Other long-term assets 468,477 492,711 $ 9,895,913 $ 9,346,980 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable Accrued expenses and other Income taxes payable $ 4,864,912 621,932 25,297 $ 4,409,372 606,894 12,415 Total current liabilities 5,512,141 5,206,344 311,980 579,299 5,028,681 5,005,930 285,204 547,520 Long-term debt Deferred income taxes Other long-term liabilities Commitments and contingencies Stockholders' deficit: Preferred stock, authorized 1,000 shares; no shares issued Common stock, par value $.01 per share, authorized 200,000 shares; 25,445 shares issued and 24,038 shares outstanding in 2019 and 27,530 shares issued and 25,742 shares outstanding in 2018 Additional paid-in capital 254 275 1,264,448 (1,305,347) (269,322) (1,403,884) (1,713,851) $ 9,895,913 1,155,426 (1,208,824) (235,805) (1,231,427) (1,520,355) $ 9,346,980 Retained deficit Accumulated other comprehensive loss Treasury stock, at cost Total stockholders' deficit
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