Question: Comparative Balance Sheets Consider the following balance sheet data for Great Buy Co., Inc., an electronics and major appliance retailer, at February 26, 2013 and
Comparative 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 | $77,834 | $8,566 |
| Accounts Receivables | 68,827 | 45,562 |
| Merchandise Inventories | 829,335 | 299,989 |
| Other Current Assets | 17,997 | 11,795 |
| Total Current Assets | 993,993 | 365,912 |
| Property and Equipment (net) | 224,541 | 151,730 |
| Other Assets | 19,708 | 9,329 |
| Total Assets | $1,238,242 | $526,971 |
| Current Liabilities | $522,636 | $223,206 |
| Long-Term liabilities | 310,729 | 85,025 |
| Total Liabilities | 833,365 | 308,231 |
| Common Stock | 2,713 | 1,379 |
| Additional Paid-in-Capital | 291,316 | 164,581 |
| Retained Earnings | 110,848 | 52,780 |
| Total Stockholders' Equity | 404,877 | 218,740 |
| Total Liabilities and Stockholders' Equity | $1,238,242 | $526,971 |
Prepare a comparative balance sheet, showing increases in dollars and percentages. Round percentages to one decimal point.
| GREAT BUY COMPANY, INC. Comparative Balance Sheets (Thousands of Dollars) | ||||
|---|---|---|---|---|
| Feb. 26, 2013 | Feb. 27, 2012 | Increase (Decrease) | Percent Change | |
| Assets | ||||
| Current 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% |
| Total 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 and Stockholders' Equity | $Answer | $Answer | $Answer | Answer% |
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