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

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
Cash and Cash Equivalents $59,872 $7,138
Accounts Receivables 52,944 37,968
Merchandise Inventories 637,950 249,991
Other Current Assets 13,844 9,829
Total Current Assets 764,610 304,926
Property and Equipment (net) 172,724 126,442
Other Assets 15,160 7,774
Total Assets $952,494 $439,142
Current Liabilities $402,028 $186,005
Long-Term liabilities 239,022 70,854
Total Liabilities 641,050 256,859
Common Stock 2,087 1,149
Additional Paid-in-Capital 224,089 137,151
Retained Earnings 85,268 43,983
Total Stockholders Equity 311,444 182,283
Total Liabilities and Stockholders Equity $952,494 $439,142

Prepare common-size balance sheets for each year (use total assets as the base amount for computing percentages). Round percentages to one decimal point. Compute percentages for each "Total" below. Do not add prior percentage amounts to arrive at Totals.

GREAT BUY COMPANY, INC. Common-Size Balance Sheets (Percentage of Total Assets)
Year-ended Feb. 26, 2013 Common- Size Year-ended Feb. 27, 2012 Common- Size
Assets
Current Assets
Cash and Cash Equivalents $59,872 Answer $7,138 Answer
Accounts Receivables 52,944 Answer 37,968 Answer
Merchandise Inventories 637,950 Answer 249,991 Answer
Other Current Assets 13,844 Answer 9,829 Answer
Total Current Assets 764,610 Answer 304,926 Answer
Property and Equipment (net) 172,724 Answer 126,442 Answer
Other Assets 15,160 Answer 7,774 Answer
Total Assets $952,494 Answer $439,142 Answer
Liabilities
Current Liabilities $402,028 Answer $186,005 Answer
Long-Term liabilities 239,022 Answer 70,854 Answer
Total Liabilities 641,050 Answer 256,859 Answer
Stockholders' Equity
Common Stock 2,087 Answer 1,149 Answer
Additional Paid-in-Capital 224,089 Answer 137,151 Answer
Retained Earnings 85,268 Answer 43,983 Answer
Total Stockholders Equity 311,444 Answer 182,283 Answer
Total Liabilities and Stockholders Equity $952,494 Answer $439,142 Answer

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