Please answer question number 2. Thanks CONSOLIDATED BALANCE SHEET at November 3

Question

Please answer question number 2. Thanks

CONSOLIDATED BALANCE SHEET at November 30 (millions) Assets Cash and cash equivalents Trade accounts receivable, less allowances of $4.0 for 2014 and $4.1 for 2013 Inventories Prepaid expenses and other current assets 2014 2013 $ 77.3 493.6 713.8 131.5 S 63.0 495.5 676.9 134.8 Total current assets 1,416.2 Property, plant and equipment, net Goodwill Intangible assets, net Investments and other assets 602.7 1,722.2 330.8 342.4 1,3702 576.6 1,798.5 333.4 371.0 Total assets $4414.3 $4,449.7 Liabilities Short-term borrowings Current portion of long-term debt Trade accounts payable Other accrued liabilities 269.6 1.2 372.1 479.1 S 211.6 2.5 387.3 61.7 1,063.1 Total current liabilities 1,122.0 Long-term debt Other long-term liabilities 1,014.1 468.8 1,019.0 19.9 2,502.0 Total liabilities 2,604.9 Shareholders' equity Common stock, no par value; authorized 320.0 shares issued and outstanding 2014-12.0 shares, 2013-12.1 shares Common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 367.2 352.8 2014-116.4 shares, 2013-119.0 shares Retained earnings Accumulated other comprehensive loss Non-controlling interests 628.4 982.6 (186.0) 17.2 1,809.4 609.6 970.4 (0.3) 15.2 1,947.7 Total shareholders' equity Total liabilities and shareholders equity $4,414.3 $4,449.7 See Notes to Consolidated Financial Statements

Explanation / Answer

2.

a- Prepaid Expenses and Other Current Assets decreased as compared to last year.

b- Credit for the decrease in Prepaid Expenses and Other Current Assets would have gone to Profit and Loss Account for some Expenses.

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