The current asset portion of Darden Restaurants, Inc.\'s balance sheet is as fol

Question

The current asset portion of Darden Restaurants, Inc.'s balance sheet is as follows (in $millions) Fiscal Year Ended May 31, 2015 May 25, 2014 Current assets Cash and cash equivalents Receivables, net Inventories Prepaid income taxes Prepaid expenses and other Deferred income taxes Assets held for sale $535.90 78.00 163.90 18.90 69.40 157.40 32.90 $1,056.40 $98.30 83.80 196.80 10.90 71.70 124.00 1,390.30 $1,975.80 Total current assets Prepare a horizontal analysis of Darden Restaurants' current assets. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000,-2096 or (55,000), (2096). Round percentages to 1 decimal place, eg. 12.5% and other answers to 2 decimal places, e.g 12.52)

Explanation / Answer

Particulars 2015 2014 Change % Current Assets Cash and cash equivalents             535.90                 98.30             437.60 445.17% receivables net                78.00                 83.80               (5.80) -6.92% inventories             163.90              196.80             (32.90) -16.72% prepaid income taxes                18.90                 10.90                  8.00 73.39% prepaid expenses other                69.40                 71.70               (2.30) -3.21% deferred income taxes             157.40              124.00               33.40 26.94% asset held for sale                32.90           1,390.30       (1,357.40) -97.63% Total          1,056.40           1,975.80           (919.40)

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