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:

Prepare a classified balance sheet (in thousands) as of April 30, 20Y8.

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

Answer rating: 100% (QA)

Balance sheet Assets Cash 115262 account receivable 161299 inventories 13... View the full answer