Common-Size Balance Sheets Consider the following balance sheet data for Great B

Question

Common-Size Balance Sheets Consider the following balance sheet data for Great Buy Co., Inc., an electronics and major appliance retailer, at February 26, 2013 and February 27, 2012 (amounts in thousands): Feb. 26, 2013 Feb. 27, 2012 $10,138 40,968 252,991 9,829 313,926 129,442 10,774 967,494 $454,142 Cash and Cash Equivalents Accounts Receivables Merchandise Inventories Other Current Assets $62,872 55,944 640,950 13,844 773,610 175,724 18,160 Total Current Assets Property and Equipment (net) Other Assets Total Assets Current Liabilities Long-Term liabilities Total Liabilities $405,028 242,022 647,050 $189,005 73,854 262,859 Common Stock Additional Pald-in-Capital Retained Earnings 5,087 227,089 88,268 320,444 4,149 140,151 46,983 191,283 Total Stockholders' Equity Total Liabilities and Stockholders' Equity Equity$967,49.4

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Amount % Paticulars Feb 26 ' 2013 Feb 27 ' 2012 Feb 26 ' 2013 Feb 27 ' 2012 Assets Current Assets Cash and cash equivalents            62,872.00            10,138.00 6.50% 2.23% Accounts receivable            55,944.00            40,968.00 5.78% 9.02% Merchandise inventories         640,950.00         252,991.00 66.25% 55.71% Other current assets            13,844.00              9,829.00 1.43% 2.16% Total Current assets         773,610.00         313,926.00 79.96% 69.13% Property and equipment (net)         175,724.00         129,442.00 18.16% 28.50% Other Assets            18,160.00            10,774.00 1.88% 2.37% Total Assets         967,494.00         454,142.00 100.00% 100.00% Liabilities Current Liabilities         405,028.00         189,005.00 41.86% 41.62% Long term liabilities         242,022.00            73,854.00 25.02% 16.26% Total Liabilities         647,050.00         262,859.00 66.88% 57.88% Stockholders equity Common Stock              5,087.00              4,149.00 0.53% 0.91% Additional paid in capital         227,089.00         140,151.00 23.47% 30.86% Retained earnings            88,268.00            46,983.00 9.12% 10.35% Total stockholders equity         320,444.00         191,283.00 33.12% 42.12% Total Liabilities and stockholders Equity         967,494.00         454,142.00 100.00% 100.00%

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