Using the following information reported in an annual report, prepare a horizontal analysis of the consolidated balance sheets. (Round percentage answers to one decimal place.)
(ln millions) Cash and cash equivalents Accounts and other receivables Merchandise inventories Prepaid expenses and other current assets Total current asssets Real estate, net ther, net otal property and equipment oodwill, net Dther asssets Total assets Short-term borrowings Accounts payable Accrued expenses and other current liabilities come taxespayable otal current liabilities ong-term debt Deferred income taxes Other liabilities Total liabilities ommon stock Iclitional paicl-in capital. etained earnings oreign currency transiation adjustments asury shares, at cost al stockholders equity al liabilities and stoc June 30,2010$5841822,02780$2,873$2,3422,113$4,455$374651$8,353$2781,617836107$2,838$1,230362243$4,673$304534,757 (137) (1,423)$3,680$8,353 June 30,2009$4102041,90281$2,597$2,3541,872$4,226$347729$7,899$1561,415696224$2,491$1,222333229$4,275$304594,478(100)(1,243)$3,624$7,899
Definitions:
Structuralist Approach
A methodology in economics and social sciences that focuses on understanding the underlying structures that shape economic outcomes.
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