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 578,872 $26,138 56,968 268,991 9,829 361,926 145,442 7,774 $1,028,494 515,142 Cash and Cesh Equivalents Accounts Receivables Merchandise Inventories Ocher Current Assets 71,944 656,950 13,844 821,610 191,724 15,160 Total Current Assets Property and Equipment (net) Other Assets Total Assets S421,028 205,005 89,854 294,859 Current Liabilities Long-Term liabilities 258,022 Total Liabilities 679,050 Common Stock Additional Pald-in-Capital Retained Earnings 2,087 243,089 104,268 349 444 $1,028,494 1,149 156,151 62 983 220,283 $515,142 Total Stockholders Equity Totel Liabilities and Stockholders Equity

Explanation / Answer

GREAT BUY COMPANY INC. Common-Size Balance Sheet (Percentage of Total assets) 26-Feb-13 27-Feb-12 2013 % 2012 % Cash and Cash Equivalent 78872 26138 7.67% 5.07% Accounts Receivables 71944 56968 7.00% 11.06% Merchandise Inventories 656950 268991 63.87% 52.22% Other Current Assets 13844 9829 1.35% 1.91% Total Current Assets 821610 361926 79.88% 70.26% Property and Equipment (net) 191724 145442 18.64% 28.23% Other Assets 15160 7774 1.47% 1.51% Total Assets 1028494 515142 100.00% 100.00% Current liabilities 421028 205005 40.94% 39.80% Long-term liabilities 258022 89854 25.09% 17.44% Total Liabilities 679050 294859 66.02% 57.24% Common stock 2087 1149 0.20% 0.22% Additional Paid-in Capital 243089 156151 23.64% 30.31% Retained Earnings 104268 62983 10.14% 12.23% Total Stockholders Equity 349444 220283 33.98% 42.76% Total Liabilities and Stockholders Equity 1028494 515142 100.00% 100.00% *Calculation: Assets side: Amount of particular asset / Total assets * 100 Liabilities side: Amount of particular liability / Total assets * 100

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