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
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. | ||||
|---|---|---|---|---|
| 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 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
