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 recent financial statements:
Accounts payable ................ $ 49,537
Accounts receivable ............... 161,299
Accrued expenses ................ 77,447
Accumulated depreciation .............. 301,199
Capital stock ................... 256,322
Cash ..................... 115,262
Intangible assets (trade names) ............ 3,100
Inventories ................... 138,444
Debt due within one year .............. 5,120
Long-term debt ................. 29,937
Other current assets ................ 17,218
Other long-term assets ............... 37,529
Other long-term liabilities ............. 67,274
Property, plant, and equipment .......... 421,802
Retained earnings ............... 107,818
Prepare a classified balance sheet as of April 30, 20Y8.



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  • CreatedMarch 11, 2014
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