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Essay Details:
Essay text:
This analysis will include information on
the disclosures contained within the financial statements related to cash and cash
equivalents, receivables, and inventories.
Through analysis of the Cash flows and the disclosures Best Buy seems somewhat appealing by taking a quick glance but by analyzing the financials a clearer picture can be seen on the direction of the company. When reading notes and analyzing changes in cash there are issues investors should consider. Overall the second quarter of fiscal 2008 ends with 1,511 million cash and cash equivalents. There was a change in Cash provided by operating activities in the first six months of fiscal 2008 being 131 million in comparison with cash used in operating activities of 40 million in the first six months of fiscal 2007...
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