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Since the new millennium Carmax has been raising its income and spending less, which every company wants to accomplish. Carmax is indeed a great company that handles their financial assets and plans accordingly. In this overview everything from the corporations’ assets, liabilities, stockholders equity, income statement, and cash flow will be discussed. We will see where the firm currently sits at and where it came from. This discussion will give an insight to see if Carmax is indeed succeeding or falling behind in debt. • What are the company’s total assets at the end of its most recent annual reporting period? Why is this important?

Carmax has risen gradually in total assets in the last 4 years. Beginning from February 2009 Carmax began with 2.39 billion and has risen since then to 9.89 billion February of this year. Last year’s asset for Carmax was at a high 8.33 billion. From last year’s assets to this year has risen 1.56 billion more in assets. It is important to know how much total assets the company owns because it allows for stock investors to know how much company actually owns. Also knowing the total assets gives the company a view of its ROA (Return on assets) to consider probability.

• What are the total assets at the end of the previous annual reporting period?

Compared to this year last year’s total assets were a little less but still close in range. Last year’s annual asset sat at 8.33 billion which still spoke highly for the company determining where it came from two previous years. Compared to its competitors Carmax has out exceeded them significantly and this gives the company as well as its investors a

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