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

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            78,872.00            26,138.00 7.67% 5.07% Accounts receivable            71,944.00            56,968.00 7.00% 11.06% Merchandise inventories         656,950.00         268,991.00 63.87% 52.22% Other current assets            13,844.00              9,829.00 1.35% 1.91% Total Current assets         821,610.00         361,926.00 79.88% 70.26% Property and equipment (net)         191,724.00         145,442.00 18.64% 28.23% Other Assets            15,160.00              7,774.00 1.47% 1.51% Total Assets      1,028,494.00         515,142.00 100.00% 100.00% Liabilities Current Liabilities         421,028.00         205,005.00 40.94% 39.80% Long term liabilities         258,022.00            89,854.00 25.09% 17.44% Total Liabilities         679,050.00         294,859.00 66.02% 57.24% Stockholders equity Common Stock              2,087.00              1,149.00 0.20% 0.22% Additional paid in capital         243,089.00         156,151.00 23.64% 30.31% Retained earnings         104,268.00            62,983.00 10.14% 12.23% Total stockholders equity         349,444.00         220,283.00 33.98% 42.76% Total Liabilities and stockholders Equity      1,028,494.00         515,142.00 100.00% 100.00%

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