Prepare best buy income statement for the year ending

Assignment Help Accounting Basics

Reference no: EM131526187

Question: The following financial data were adapted from the annual report of Best Buy Inc. for the period ending February 28, 2004:

In millions

Accounts payable $ 2,535

Accrued liabilities 1,598

Capital stock 954

Cash 2,600

Cost of goods sold 18,350

Income taxes 496

Interest expense and other items 103

Inventories 2,607

Goodwill and other intangible assets 514

Other assets 344

Other liabilities 1,097

Property, plant, and equipment 2,244

Receivables 343

Sales 24,547

Selling, general, and administrative expenses 4,893

Instructions: 1. Prepare Best Buy's income statement for the year ending February 28, 2004.

2. Prepare Best Buy's retained earnings statement for the year ending February 28, 2004.

3. Prepare a balance sheet as of February 28, 2004, for Best Buy.

Reference no: EM131526187

Questions Cloud

How do we define measurement : How do we define measurement? What are various levels of measurement? How do you select measurement levels when developing a survey or data collection tool?

How is statistics used in business decision making : In 400 words with references: How is statistics used in business decision making?

Describe the process used to collect data from recruitment : Describe the process used to collect data from recruitment to consent to data collection; this should include ethical considerations and mitigation

Would you please introduce sales promotions tools : Would you please introduce sales promotions tools that fit well with the company, and the potential advantages & disadvantages associated with sales promotion?

Prepare best buy income statement for the year ending : The following financial data were adapted from the annual report of Best Buy Inc. for the period ending February 28, 2004.

Statistical techniques in business and economics : Refer to Ch. 1 of Statistical Techniques in Business and Economics and address the following in 1,050 words with references:

Describe the earned value management terms : Research Paper Assignment- Describe issues in project cost estimating and how to deal with each. Describe the earned value management terms.

What is the appropriate use of the preganant women : Conduct several searches using any databases-Select at least five credible and scholarly, peer that support the topics and arguments you plan to present

Ethical dilemmasunit learning outcomes : Analyze the difference between different healthcare reimbursement methods in terms of provider incentives and risks. (CLO 1, 4, and 6)

User Account

All Pages