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Use the consolidated balance sheets which give historical data for a particular business. *chart attached*   (b): Prepare a vertical analysis of the Current Liabilities section for February 1, 2014. (Round percents to one decimal place.)

Use the consolidated balance sheets which give historical data for a particular business. *chart attached*   (b): Prepare a vertical analysis of the Current Liabilities section for February 1, 2014. (Round percents to one decimal place.)

Essentials Of Investments
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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Use the consolidated balance sheets which give historical data for a particular business.

*chart attached*

 

(b): Prepare a vertical analysis of the Current Liabilities section for February 1, 2014. (Round percents to one decimal place.)
 
CONSOLIDATED BALANCE SHEETS (in millions) ASSETS Current Assets: February 1, 2014 February 2, 2013 Cash and Cash Equivalents Receivables $2,373 $1,826 448 381 Merchandise Inventories 5,757 5,408 Prepaid Expenses and Other Current Assets 430 351 Total Current Assets 9,008 7,966 Property and Equipment-Net Goodwill 7,930 3,743 8,196 3,743 561 Other Intangible Assets-Net Other Assets 527 746 615 Total Assets $21,634 $20,991 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: February 1, 2014 February 2, 2013 $473 $124 1,579 Short-Term Debt Merchandise Accounts Payable 1,701 2,610 355 Accounts Payable and Accrued Liabilities 2,910 Income Taxes 352 Deferred Income Taxes 300 407 Total Current Liabilities 5,736 5,075 Long-Term Debt Deferred Income Taxes 6,806 1,238 6,728 1,273 Other Liabilities 1,658 1,821 Shareholders' Equity 6,249 6,051 Total Liabilities and Sharcholders' Equity $21,634 $20,991
Transcribed Image Text:CONSOLIDATED BALANCE SHEETS (in millions) ASSETS Current Assets: February 1, 2014 February 2, 2013 Cash and Cash Equivalents Receivables $2,373 $1,826 448 381 Merchandise Inventories 5,757 5,408 Prepaid Expenses and Other Current Assets 430 351 Total Current Assets 9,008 7,966 Property and Equipment-Net Goodwill 7,930 3,743 8,196 3,743 561 Other Intangible Assets-Net Other Assets 527 746 615 Total Assets $21,634 $20,991 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: February 1, 2014 February 2, 2013 $473 $124 1,579 Short-Term Debt Merchandise Accounts Payable 1,701 2,610 355 Accounts Payable and Accrued Liabilities 2,910 Income Taxes 352 Deferred Income Taxes 300 407 Total Current Liabilities 5,736 5,075 Long-Term Debt Deferred Income Taxes 6,806 1,238 6,728 1,273 Other Liabilities 1,658 1,821 Shareholders' Equity 6,249 6,051 Total Liabilities and Sharcholders' Equity $21,634 $20,991
(b) Prepare a vertical analysis of the Current Liabilities section for February 1, 2014. (Round percents to one decimal place.) Balance Sheet February 1, 2014 Current Liabilities (in s millions) Percent Short-Term Debt Merchandise Accounts Payable Accounts Payable and Accrued Liabilities Income Taxes Deferred Income Taxes Total Current Liabilities
Transcribed Image Text:(b) Prepare a vertical analysis of the Current Liabilities section for February 1, 2014. (Round percents to one decimal place.) Balance Sheet February 1, 2014 Current Liabilities (in s millions) Percent Short-Term Debt Merchandise Accounts Payable Accounts Payable and Accrued Liabilities Income Taxes Deferred Income Taxes Total Current Liabilities
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