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 78872 $26,138 56,968 656,950268,991 9,829 821,610 361,926 145,442 7,774 $1,028,494 $515,142 Cash and Cash Equivalents Accounts Receivables Merchandise Inventories Other Current Assets 71,944 13,844 Total Current Assets Property and Equipment (net) Other Assets Total Assets 191,724 5,160 $421,028 $205,005 89,854 679,050 294,859 Current Liabilities Long-Term liabilities 258,022 Total Liabilities Common Stock Additional Paid-in-Capital Retained Earnings 2,087 243,089 104,268 q 1,149 156,151 62,983 Deliverabie 4 docx a: Deliverable 4 (1).docx Access Assignment 1 , doc." NPAccess2013,T01.P., pptx , .

Explanation / Answer

GREAT BUY COMPANY COMMON SIZE BALANCESHEET (Percentage of Total Assets) `Feb 26, 2013 `Feb 27, 2012 `Feb 26, 2013 `Feb 27, 2012 Assets    Current assets Cash and cash Equivalent $ 8,872 $ 26,138 7.67% 5.07% Accounts Receivables $ 71,944 $ 56,968 7.00% 11.06% Merchandise Invemtories $ 656,950 $268,991 63.87% 52.22% Other Current asset $ 13,844 $ 9,829 1.35% 1.91% Total Current Asset $ 821,610 $ 361,926 79.88% 70.26% Property and equiment (Net) $ 191,724 $ 45,442 18.64% 28.23% Other Assets $ 15,160 $ 7,774 1.47% 1.51%    Total assets $ 028,494 $ 15,142 100.00% 100.00%    Current liabilities $ 421,028 $ 205,005 40.94% 39.80%    Long-term liabilities $     258,022 $       89,854 25.09% 17.44% Total Liabilities $     679,050 $     294,859 66.02% 57.24% Common Stock $ 2,087 $ 1,149 0.20% 0.22% Additional Paid in capital $     243,089 $     156,151 23.64% 30.31% Retained Earning $     104,268 $       62,983 10.14% 12.23%    Total stockholders' equity $     349,444 $     220,283 33.98% 42.76%    Total liabilities and stockholders' equity $ 1,028,494 $     515,142 100.00% 100.00%

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