[e1vasquez]

What were Best Buy total current assets at the end of 2007-2008 annual reporting periods?

[e1vasquez]

What were Best Buy total current assets at the end of 2007-2008 annual reporting periods?

[morgaine300]

Please see the guidelines for posting homework questions:
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The work has been given to you to research and do. Have you found Best Buy's financial statements? If so, the answer would be right there in their statement. If not, look up their statements in whatever manner you were told and find them first.

If you don't know how to find the statements, or don't understand something about how to answer the question, then ask specifically what it is you're not understanding - we're not here to just look this up for you and simply give you the answer. We need to see some effort on your part to do this.

[josie andrews]

:confused::confused:

Please see the guidelines for posting homework questions:
Ask Me Help Desk - Announcements in Forum : Homework Help

The work has been given to you to research and do. Have you found Best Buy's financial statements? If so, the answer would be right there in their statement. If not, look up their statements in whatever manner you were told and find them first.

If you don't know how to find the statements, or don't understand something about how to answer the question, then ask specifically what it is you're not understanding - we're not here to just look this up for you and simply give you the answer. We need to see some effort on your part to do this.

I need to know the working capital for 0007 and 0008 and I do not know which are current assets. I know the formula is ca/cL but I don't know whatnot to include rom my list of assets.:confused:

[josie andrews]

Under assets I have cash, 9100, credit card recievables, 4920, accounts recievabl, 5280, food inventory, 14600, prepaid expenses, 3800, land, 32000, building, 315800, equipment, 66640, furnishings, 16660, accumulated depeciation, 113700. I think the answer should be 19300 from cash, credit card recievables, accounts receivables.

[morgaine300]

You really need to start your own thread for your question as tagging onto others is confusing -- and makes us read through stuff that isn't yours.

Current assets are those that will be consumed or realized within one year. Companies put the accounts in proper order and you only need to find the split between where current ends and where plant assets start. Plant assets are tangible assets that will be used for over a year. Where do you think this split is?