Need some help...
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  1. #1
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    Need some help...

    Ok, so I need to write a one-page paper on the financial positions of Best Buy and Circuit City on the basis of profitability, solvency, and liquidity...

    I've been looking online and can't really come up with what I need... Anyone who can help, it would be greatly appreciated! Thanks in advance to everyone!!



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    Re: Need some help...

    They are both public companies right? So they have to file these docs.


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    Re: Need some help...

    Quote Originally Posted by brianhos View Post
    They are both public companies right? So they have to file these docs.
    Correct. Their financial statements are available to the public. They most likely have them posted on a website somewhere.


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    Re: Need some help...

    BBY: Summary for BEST BUY CO INC - Yahoo! Finance

    Circuit city will he a little harder since they are no longer traded.


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    Re: Need some help...

    Here is a general idea of how Best Buy makes money. Sell you a Monster brand HDMI cable for $80 that costs $2 to make and no better than the $5 one.

    Charge you $150 to take the crap off a PC that they sold you.

    Try to sell you a $15 warranty on a $30 VCR.



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    Re: Need some help...

    MSN Money Financials -http://moneycentral.msn.com/detail/stock_quote?Symbol=BBY

    The MSN site has links to all the important SEC filings (10k) along with all of the important financial statements summarized (balance sheet, cash flows, income statement, stockholder's equity). MSN even has precalculated most of the important financial ratios and compares them to the industry averages. Otherwise, go to each company's website and download the actual SEC filings and do the analysis yourself.



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    Re: Need some help...

    Quote Originally Posted by dmclone View Post
    Here is a general idea of how Best Buy makes money. Sell you a Monster brand HDMI cable for $80 that costs $2 to make and no better than the $5 one.

    Charge you $150 to take the crap off a PC that they sold you.

    Try to sell you a $15 warranty on a $30 VCR.
    And you fault them for that? If the public is willing to pay those prices for goods and services they offer, then I say more power to Best Buy. Yet another case of good ol' supply and demand working yet again. That and I do believe in the addage that "it is morally wrong to allow suckers to keep their money."


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    Re: Need some help...

    Quote Originally Posted by im4iast8 View Post
    Ok, so I need to write a one-page paper on the financial positions of Best Buy and Circuit City on the basis of profitability, solvency, and liquidity...

    I've been looking online and can't really come up with what I need... Anyone who can help, it would be greatly appreciated! Thanks in advance to everyone!!
    Just last week, Circuit City filed for bankruptcy.



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    Re: Need some help...

    Quote Originally Posted by jdoggivjc View Post
    And you fault them for that? If the public is willing to pay those prices for goods and services they offer, then I say more power to Best Buy. Yet another case of good ol' supply and demand working yet again. That and I do believe in the addage that "it is morally wrong to allow suckers to keep their money."
    I don't blame Best Buy but don't expect a bailout when your business goes under because of it.



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    Re: Need some help...

    Acct. 284 huh? I'll see if I can find mine from last year.


    @RandomGeoFacts

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    Re: Need some help...

    Quote Originally Posted by mjones34 View Post
    Acct. 284 huh? I'll see if I can find mine from last year.
    lol yes!! thanks! haha



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    Re: Need some help...

    If I hadn't already given mine to another group from last spring, I'd give you mine...

    I have a feeling Anne wouldn't be very happy if she knew I gave those girls my project...but they are really cute



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    Re: Need some help...

    How can they still be using circuit city as the example? The company just went bankrupt?


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    Re: Need some help...

    Quote Originally Posted by brianhos View Post
    How can they still be using circuit city as the example? The company just went bankrupt?
    Cuz the textbook went to the printer before that?



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    Re: Need some help...

    Quote Originally Posted by brianhos View Post
    How can they still be using circuit city as the example? The company just went bankrupt?
    Fiscal year 08.



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