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Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income...

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Accounting

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Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended February 1, 2014, are shown belovw Best Buy Co., Inc. Balance Sheet At February 1, 2014 ($ in millions) Assets Current assets Cash and cash equivalents Short-term investments Accounts receivable, net Merchandise inventories Other current assets $ 2,678 223 1,308 5,376 900 Total current assets Noncurrent assets 10,485 3,528 Total assets 14,013 Liabilities and Shareholders' Equity Current liabilities Accounts payable Other current liabilities $ 5,122 2,314 Total current liabilities Long-term liabilities Shareholders' equity 7,436 2,588 3,989 Total liabilities and shareholders' equity$ 14,013

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