For Problem 1, calculate the following financial ratios based upon the companys financial information provided:

• Calculate the following ratios for 2020: Quick Ratio, Current Ratio, RNOA, RNOE, NOPAT, WACC, CAPM and Debt to EBITDA. (Show all calculations.)
• For CAPM, please use 3.651 billion in total debt for 2019, and 5.448 billion in total debt in 2020, with a fiscal 2020 interest expense of $63 million, and a statutory tax rate of 37% with an estimated market beta of 0.70 and an expected risk-free rate of 2.5% and the expected market premium of 4%.

	Best Buy Consolidated Statement of Income
			Year Ended March 31,
(In millions)			2021						2020						2019
Net income			$	837					$	3,039					$	1,019
Other comprehensive income (loss), net of tax:
Net gains (losses) on available-for-sale securities			4						(3)						7
Net gains (losses) on derivative instruments			(68)						17						88
Foreign currency translation adjustments			64						(34)						(21)
Total other comprehensive income (loss), net of tax									(20)						74
Total comprehensive income			$	837					$	3,019					$	1,093

	Best Buy Consolidated Balance Sheet
(In millions, except par value data)			March 31, 2021						March 31, 2020
ASSETS
Current assets:
Cash and cash equivalents			$	5,260					$	3,768
Short-term investments			1,106						1,967
Receivables, net			521						461
Other current assets			326						321
Total current assets			7,213						6,517
Property and equipment, net			491						449
Goodwill			2,868						1,885
Acquisition-related intangibles, net			309						53
Deferred income taxes, net			2,045						1,903
Other assets			362						305
TOTAL ASSETS			$	13,288					$	11,112
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Accounts payable			$	96					$	68
Accrued and other current liabilities			1,341						1,052
Deferred net revenue (online-enabled games)			1,527						945
Senior notes, current, net									599
Total current liabilities			2,964						2,664
Senior notes, net			1,876						397
Income tax obligations			315						373
Deferred income taxes, net			43						1
Other liabilities			250						216
Total liabilities			5,448						3,651
Commitments and contingencies
Stockholders equity:
Preferred stock, $0.01 par value. 10 shares authorized
Common stock, $0.01 par value. 1,000 shares authorized; 286 and 288 shares issued and outstanding, respectively			3						3
Additional paid-in capital
Retained earnings			7,887						7,508
Accumulated other comprehensive loss			(50)						(50)
Total stockholders equity			7,840						7,461
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY			$	13,288					$	11,112

BEST BUY INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Year Ended March 31, 2021 2020 2019 $ 837 $ 3,039 $ 1,019 4 (3) 7 (In millions) Net income Other comprehensive income (loss), net of tax: Net gains (losses) on available-for-sale securities Net gains (losses) on derivative instruments Foreign currency translation adjustments Total other comprehensive income (loss), net of tax Total comprehensive income (68) 17 88 64 (34) (21) (20) 74 837 $ 3,019 $ 1,093 BEST BUY INC. CONSOLIDATED BALANCE SHEETS March 31, 2021 March 31, 2020 S 5.200 $ 1.106 521 326 (In millions, except par value data) ASSETS Current asscts: : Cash and cash equivalents Short-term investments Receivables. net Other current assets Total current assets Property and cquipment, Tict Goodwill Acquisition-related intangibles, net Dcfcrred income taxes, nct Other assets TOTAL ASSETS 3.768 1,967 461 321 6,517 449 1,885 7.213 491 2.868 309 2.045 53 1,903 362 305 11.112 S 13,288 $ 96 $ 1,341 1.527 68 1,052 945 599 2.964 1,876 315 43 250 2,664 397 373 1 216 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable S Accrued and other current liabilities Defcitcd nct rcvcruc (onlinic-coubled games) Senior notes. Current. net Total current liabilities Senior notes, net Income tax obligations Dcfcrred income taxes, TICE Other liabilitics Total liabilities Commitments and contingencies Stockholders' equity: Preferred stock. $0.01 par valuc. 10 shares authorized Common stock. $0.01 par value. 1,000 sharcs authorized; 286 and 288 shares issued and outstanding, respectively Additional paid-in capital Retained eamings Accumulalod other comprchcnsivc loss Total stockholders' cquity TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY S 5.448 3,651 3 3 3 7,887 (50) 7,508 (50) 7.461 7.840 13,288 $ 11,112