Financial reporting chapter 5 problem 3
Financial Reporting Chapter 5 Problem 3
Please provideinexcel format,explanation on how you attained the solution. Please solve all parts Thanks!
P5-1 Best Buy Co., Inc.’s consolidated balance sheets from its 2011 annual report are presented in Exhibit 5-3.
a. Using the balance sheets, prepare a vertical common-size analysis for 2011 and 2010. Use total assets as a base.
b. Using the balance sheets, prepare a horizontal common-size analysis for 2011 and 2010. Use 2010 as the base.
c. Comment on significant trends that appear in (a) and (b)