Question

La-Z-Boy Inc. is one of the world’s largest manufacturers of furniture and is best known for its reclining chairs. The following data (in thousands) were adapted from its 2010 annual report:
Accounts payable ....... $ 54,718
Accounts receivable ....... 165,038
Accrued expenses ........ 91,496
Accumulated depreciation .... 287,269
Capital stock .......... 237,533
Cash .............. 108,421
Intangible assets (trade names) ... 3,100
Inventories .......... 134,187
Debt due within one year ...... 1,066
Long-term debt ......... 46,917
Other current assets ........ 20,464
Other long-term assets ...... 38,751
Other long-term liabilities ..... 68,381
Property, plant, and equipment .... 426,126
Retained earnings ......... 108,707

Prepare a classified balance sheet as of April 24, 2010.



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  • CreatedFebruary 04, 2014
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