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Use the following tables to complete the critical thinking assignment

Finance

Use the following tables to complete the critical thinking assignment. Best Buy Co., Inc. Income Statement 2/3/2018 1/28/2017 1/30/2016 1/31/2015 Revenue Total Revenue 42,151,000 39,403,000 39,528,000 40,339,000 Cost of Revenue 32,275,000 29,963,000 30,334,000 31,292,000 Gross Profit 9,876,000 9,440,000 9,194,000 9,047,000 Operating Expenses Selling General and Administrative 7,911,000 7,493,000 7,612,000 7,550,000 Operating Income or Loss 1,965,000 1,947,000 1,582,000 1,497,000 Income from Continuing Operations Add Total Other Income/Expenses Net -148,000 -131,000 -272,000 -110,000 Interest Expense 75,000 72,000 80,000 90,000 Income Before Tax 1,742,000 1,744,000 1,230,000 1,297,000 Income Tax Expense 818,000 609,000 503,000 141,000 Add Discontinued Operations 1,000 21,000 90,000 -13,000 Net Income 925,000 1,156,000 817,000 1,143,000 Best Buy Co., Inc. Balance Sheet 2/3/2018 1/28/2017 1/30/2016 1/31/2015 Current Assets Cash And Cash Equivalents 1,101,000 2,240,000 1,976,000 2,432,000 Short Term Investments 2,196,000 1,848,000 1,384,000 1,539,000 Net Receivables 1,049,000 1,347,000 1,162,000 1,280,000 Inventory 5,209,000 4,864,000 5,051,000 5,174,000 Other Current Assets 274,000 217,000 313,000 1,047,000 Total Current Assets 9,829,000 10,516,000 9,886,000 11,472,000 Long Term Investments 0 13,000 27,000 3,000 Property Plant and Equipment 2,421,000 2,293,000 2,346,000 2,295,000 Goodwill 425,000 425,000 425,000 425,000 Intangible Assets 18,000 18,000 18,000 57,000 Other Assets 356,000 591,000 817,000 993,000 Deferred Long Term Asset Charges 159,000 317,000 510,000 574,000 Total Assets 13,049,000 13,856,000 13,519,000 15,245,000 Current Liabilities Accounts Payable 4,873,000 4,984,000 4,450,000 5,030,000 Short/Current Long Term Debt 499,000 0 350,000 0 Other Current Liabilities 1,043,000 944,000 975,000 1,609,000 Total Current Liabilities 7,817,000 7,122,000 6,925,000 7,777,000 Long Term Debt 648,000 1,158,000 1,168,000 1,492,000 Other Liabilities 805,000 704,000 877,000 901,000 Total Liabilities 9,437,000 9,147,000 9,141,000 10,250,000 Stockholders' Equity Total Stockholder Equity 3,612,000 4,709,000 4,378,000 4,995,000 Choose one of the following two assignments to complete this week. Do not do both assignments. Identify your assignment choice in the title of your submission. Option #1: Ratio Analysis and Interpretation Using the attached financial statements for Best Buy Co., Inc. complete the financial statement analysis and ratio analysis by answering the questions below. a. Calculate average collection period, total asset turnover, inventory turnover, and days in inventory. b. Assess the activity of the firm, using your calculations in part a, over the four year period. c. Calculate the gross profit margin, operating margin, and net profit margin. d. Assess the profitability of the firm, using your calculations in part c, over the four year period. Requirements: Submit your paper in a Word document, showing all of your calculations (attach Excel File if necessary). Use terms, evidence, and concepts from class readings. Your paper must be formatted according to the CSU Global Writing Center. The exercise should be 3-4 pages (not including title or reference pages), double spaced, follow the CSU Global Writing Center, and include a minimum of four (4) sources with at least 2 from scholarly or peer review journals. See the Module 2 Critical Thinking Rubric for full details on how you will be graded on this assignment.

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