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

ID: 2592638 • Letter: C

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 Feb. 27, 2012 $107,769 $12,134 64,545 424,984 16,709 518,372 214,951 13,215 $1,714,488 746,538 Cash and Cash Equivalents Accounts Receivables Merchandise Inventories Other Current Assets 95,299 1,148,310 24,919 1,376,297 310,903 27,288 Total Current Assets Property and Equipment (net) Other Assets Total Assets Current Liabilities $723,650$316,208 430,239120,451 1,153,889 436,659 Long-Term liabilities Total Liabilities Common Stock Additional Paid-in-Capital Retained Earnings 3,756 403,361 153,482 1,953 233,155 74,771 Deliverable 4 (1) docxDeliverable 4.docx Access Assignment 1 · docx . NPAccess2013-TOI-P...-Pptx ·

Explanation / Answer

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GREAT BUY COMPANY, INC. Comparative Balance Sheets (Thousands of dollars) Feb. 26, 2013 Feb. 27,2012 Increase (decrease) Percentage Change Assets Current assets Cash and cash equivalents 107,769 12,134 95,635 788.2 % Accounts receivables 95,299 64,545 30,754 46.6 % Merchandise inventory 1,148,310 424,984 723,326 170.2 % Other current assets 24,919 16,709 8,210 49.1 %    Total current assets 1,376,297 518,372 857,925 165.5 % Property and equipment (net) 310,903 214,951 95,952 44.6 % Other assets 27,288 13,215 14,073 106.5 % Total assets 1,714,488 746,538 967,950 129.7 % Liabilities Currrent liabilities 723,650 316,208 407,442 128.9 % Long-term liabilities 430,239 120,451 309,788 257.2 %    Total liabilities 1,153,889 436,659 717,230 164.3 % Shareholder's equity common stock 3,756 1,953 1,803 92.3 % Additional paid in capital 403,361 233,155 170,206 73.0 % Retained earnings 153,482 74,771 78,711 105.3 %    Total shareholder's equity 560,599 309,879 250,720 80.9 % Total liabilities and shreholder's equity 1,714,488 746,538 967,950 129.7 %
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