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		$535.90			$98.30
Receivables, net		78.00			83.80
Inventories		163.90			196.80
Prepaid income taxes		18.90			10.90
Prepaid expenses and other		69.40			71.70
Deferred income taxes		157.40			124.00
Assets held for sale		32.90			1,390.30
Total current assets		$1,056.40			$1,975.80

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, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5% and other answers to 2 decimal places, e.g. 12.52)

5/31/2015

5/25/2014

$ Change

% Change

Current assets:

Answer 1