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...


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


Chart attached



(a): Prepare a horizontal analysis of the Current Assets section comparing February 2, 2013 and February 1, 2014. (Round percents to one decimal place.)



CONSOLIDATED BALANCE SHEETS<br>(in millions)<br>ASSETS<br>Current Assets:<br>February 1, 2014 February 2, 2013<br>Cash and Cash Equivalents<br>Receivables<br>$2,373<br>$1,826<br>448<br>381<br>Merchandise Inventories<br>5,757<br>5,408<br>Prepaid Expenses and Other Current Assets<br>430<br>351<br>Total Current Assets<br>9,008<br>7,966<br>Property and Equipment-Net<br>Goodwill<br>7,930<br>3,743<br>8,196<br>3,743<br>561<br>Other Intangible Assets-Net<br>Other Assets<br>527<br>746<br>615<br>Total Assets<br>$21,634<br>$20,991<br>LIABILITIES AND SHAREHOLDERS' EQUITY<br>Current Liabilities:<br>February 1, 2014 February 2, 2013<br>$473<br>$124<br>1,579<br>Short-Term Debt<br>Merchandise Accounts Payable<br>1,701<br>2,610<br>355<br>Accounts Payable and Accrued Liabilities<br>2,910<br>Income Taxes<br>352<br>Deferred Income Taxes<br>300<br>407<br>Total Current Liabilities<br>5,736<br>5,075<br>Long-Term Debt<br>Deferred Income Taxes<br>6,806<br>1,238<br>6,728<br>1,273<br>Other Liabilities<br>1,658<br>1,821<br>Shareholders' Equity<br>6,249<br>6,051<br>Total Liabilities and Sharcholders' Equity<br>$21,634<br>$20,991<br>

Extracted 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
(a) Prepare a horizantal analysis of the Current Assets section comparing February 2, 2013 and February 1, 2014. (Round percents to one decimal place.)<br>Comparative Balance Sheet<br>February 1, 2014 and February 2, 2013<br>Increase (Decrease)<br>(in s millions)<br>2014<br>2013<br>Amount<br>Percent<br>Current Assets<br>Cash and Cash Equivalents<br>%<br>Receivables<br>%<br>Merchandise Inventories<br>Prepaid Expenses and Other Current Assets<br>Total Current Assets<br>%<br>

Extracted text: (a) Prepare a horizantal analysis of the Current Assets section comparing February 2, 2013 and February 1, 2014. (Round percents to one decimal place.) Comparative Balance Sheet February 1, 2014 and February 2, 2013 Increase (Decrease) (in s millions) 2014 2013 Amount Percent Current Assets Cash and Cash Equivalents % Receivables % Merchandise Inventories Prepaid Expenses and Other Current Assets Total Current Assets %
Jun 08, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here