Comparative Balance Sheets Consider the following balance sheet data for Great Buy Co., Inc. (amounts in thousands):
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Question:
Comparative Balance Sheets
Consider the following balance sheet data for Great Buy Co., Inc. (amounts in thousands):
Current Year | Prior Year | |
---|---|---|
Cash and cash equivalents | $47,898 | $5,354 |
Accounts receivables | 42,355 | 28,476 |
Merchandise inventories | 510,360 | 187,493 |
Other current assets | 11,075 | 7,372 |
Current Assets | 611,688 | 228,695 |
Property and equipment (net) | 132,997 | 97,360 |
Other assets | 11,673 | 5,986 |
Total Assets | $756,358 | $332,041 |
Current Liabilities | $321,622 | $139,504 |
Long-term liabilities | 191,218 | 53,141 |
Total Liabilities | 512,840 | 192,645 |
Common stock | 1,607 | 885 |
Additional paid-in-capital | 172,549 | 105,606 |
Retained earnings | 69,362 | 32,905 |
Total Stockholders Equity | 243,518 | 139,396 |
Total Liabilities and Stockholders Equity | $756,358 | $332,041 |
Prepare a comparative balance sheet, showing increases in dollars and percentages. (Round percentages to one decimal.)
Great Buy Co., Inc. | ||||
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Comparative Balance Sheets | ||||
(Thousands of Dollars) | ||||
Increase | Percent | |||
Current Year | Prior Year | (Decrease) | Change | |
Assets | ||||
Cash and cash equivalents | Answer | Answer | Answer | Answer |
Accounts receivables | Answer | Answer | Answer | Answer |
Merchandise inventories | Answer | Answer | Answer | Answer |
Other current assets | Answer | Answer | Answer | Answer |
Current assets | Answer | Answer | Answer | Answer |
Property and equipment (Net) | Answer | Answer | Answer | Answer |
Other assets | Answer | Answer | Answer | Answer |
Total Assets | Answer | Answer | Answer | Answer |
Liabilities | ||||
Current liabilities | Answer | Answer | Answer | Answer |
Long-term liabilities | Answer | Answer | Answer | Answer |
Total Liabilities | Answer | Answer | Answer | Answer |
Stockholders Equity | ||||
Common stock | Answer | Answer | Answer | Answer |
Additional paid-in-capital | Answer | Answer | Answer | Answer |
Retained earnings | Answer | Answer | Answer | Answer |
Total Stockholders Equity | Answer | Answer | Answer | Answer |
Total Liabilities & Stockholders Equity |
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