In order to understand Best Buy in a general sense we must first understand

In order to understand best buy in a general sense we

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statement analysis to determine if it would be a company worth investing in. In order to understand Best Buy in a general sense we must first understand they type of industry and business Best Buy is part of; this will allow us to properly understand whether or not investing in this business would be worth the funds. It allows us to understand what is going on in the industry, such as the degree of competition that Best Buy is currently going through (Industry Analysis, 2019). This will give us both the background and knowledge to understand what Best Buy is, stands for, and where it is at in overall ranking for profitability. Please read through the “About Best Buy” section on this article to gain a better grasp on Best Buy as a company, . In order to give you a bit of background on their measures of short-term liquidity, I calculated the current ratio using the current assets/current liabilities which in this case are equal at $15,591,000/$15,591,000. This totals out to the company having $1.00 in current assets for every $1.00 current liabilities. The next measure I calculated for you is the inventory turnover rate; to calculate this I took the net sales/average inventory which is calculated by 1,541,000,000/237,000,000. This totals out to 6.5 times for the average inventory turnover per year. And the last measure of short-term liquidity that we can calculate based off
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