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(Solved): Consolidated Statements of Operations Note: 2023 consisted of 53 weeks compared with 52 weeks in 20 ...



Consolidated Statements of Operations Note: 2023 consisted of 53 weeks compared with 52 weeks in 2022 and 2021. FINANCIAL STATEMENTS Consolidated Statements of Cash Flows Note: 2023 consisted of 53 weeks compared with 52 weeks in 2022 and 2021. Consolidated Statements of Financial Position \table[[(millions, except footnotes),,\table[[ruary 3 ,],[2024]]],[Assets],[Cash and cash equivalents,$,3,805$],[Inventory,,11,886],[Other current assets,,1,807],[Total current assets,,17,498],[Property and equipment],[Land,,6,547],[Buildings and improvements,,37,066],[Fixtures and equipment,,8,765],[Computer hardware and software,,3,428],[Construction-in-progress,,1,703],[Accumulated depreciation,,(24,413)],[Property and equipment, net,,33,096],[Operating lease assets,,3,362],[Other noncurrent assets,,1,400],[Total assets,$,55,356$],[Liabilities and shareholders' investment],[Accounts payable,$,12,098$],[Accrued and other current liabilities,,6,090],[Current portion of long-term debt and other borrowings,,1,116],[Total current liabilities,,19,304],[Long-term debt and other borrowings,,14,922],[Noncurrent operating lease liabilities,,3,279],[Deferred income taxes,,2,480],[Other noncurrent liabilities,,1,939],[Total noncurrent liabilities,,22,620],[Shareholders' investment],[Common stock,,38],[Additional paid-in capital,,6,761],[Retained earnings,,7,093],[Accumulated other comprehensive loss,,(460)],[Total shareholders' investment,,13,432],[Total liabilities and shareholders' investment,$,55,356$]] Common Stock Authorized

6,000,000,000

shares,

$0.0833

par value;

461,675,441

shares issued and as of February 3, 2024; 460,346,947 shares issued and outstanding as of January 28, 2023. Preferred Stock Authorized

5,000,000

shares,

$0.01

par value; no shares were issued or outstanding neriod nresented. Consolidated Statements of Operations Note: 2023 consisted of 53 weeks compared with 52 weeks in 2022 and 2021. At the most recent strategic planning meeting, the board of directors of your company has voted to issue additional stock to raise capital for major expansions for the company in the next five years. The board is considering $5 million. Take the most recent financial statements and prepare a set of projected financial statements based on the given assumptions. The CEO requests that you prepare a written report (including the financial statements) for her. A. Generate a projected income statement based on the given scenario. B. Generate a projected statement of retained earnings based on the given scenario. C. Generate a projected balance sheet based on the given scenario. D. Generate a projected cash flow statement based on the given scenario.



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