Comparative Balance Sheets Consider the following balance sheet data for Great B

Question

Comparative 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 $101,782 90,004 1,084,515 23,534 1,299,835 293,630 25,772 $1,619,237 Feb. 27, 2012 11,420 60,748 399,985 15,726 487,879 202,307 12,438 $702,624 Cash and Cash Equivalents Accounts Receivables Merchandise Inventories Other Current Assets Total Current Assets Property and Equipment (net) Other Assets Total Assets $683,447 406,337 1,089,784 $297,608 113,366 410,974 Current Liabilities Long-Term liabilities Total Liabilities Common Stock Additional Paid-in-Capital Retained Earnings 3,547 380,951 144,955 529,453 1,837 219,441 70,372 291,650 S702,624 Total Stockholders' Equity Total Liabilities and Stockholders Equity

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Amount Paticulars Feb 26 ' 2013 Feb 27 ' 2012 Increase (Decrease) Percentage Change Assets Current Assets Cash and cash equivalents         101,782.00            11,420.00            90,362.00 791.26% Accounts receivable            90,004.00            60,748.00            29,256.00 48.16% Merchandise inventories      1,084,515.00         399,985.00         684,530.00 171.14% Other current assets            23,534.00            15,726.00              7,808.00 49.65% Total Current assets      1,299,835.00         487,879.00         811,956.00 166.43% Property and equipment (net)         293,630.00         202,307.00            91,323.00 45.14% Other Assets            25,772.00            12,438.00            13,334.00 107.20% Total Assets      1,619,237.00         702,624.00         916,613.00 130.46% Liabilities Current Liabilities         683,447.00         297,608.00         385,839.00 129.65% Long term liabilities         406,337.00         113,366.00         292,971.00 258.43% Total Liabilities      1,089,784.00         410,974.00         678,810.00 165.17% Stockholders equity Common Stock              3,547.00              1,837.00              1,710.00 93.09% Additional paid in capital         380,951.00         219,441.00         161,510.00 73.60% Retained earnings         144,955.00            70,372.00            74,583.00 105.98% Total stockholders equity         529,453.00         291,650.00         237,803.00 81.54% Total Liabilities and stockholders Equity      1,619,237.00         702,624.00         916,613.00 130.46%

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.