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): Cash and Cash Equivalents Accounts Receivables Merchandise Inventories Other Current Assets Feb. 26, 2013 Feb. 27, 2012 $77,834 $8,566 68,827 45,562 829,335 299,989 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 Total Liabilities Common Stock Additional Paid-in-Capital Retained Earnings 310,729 85,025 833,365 308,231 2,713 1,379 291,316 164,581 110,848 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. Note: Round "Percent Change" answers to one decimal place (ex: 0.2345 = 23.5%). GREAT BUY COMPANY, INC. Assets Comparative Balance Sheets (Thousands of Dollars) Increase Percent Feb. 26, 2013 Feb. 27, 2012 (Decrease) Change Current Assets Cash and Cash Equivalents $77,834 $8,566 $ 0 0% Accounts Receivables 68,827 45,562 0 0% Merchandise Inventories 829,335 299,989 0 0% Other Current Assets 17,997 11,795 0 0% Total Current Assets 993,993 365,912 0 0% Property and Equipment (net) 224,541 151,730 0 0% Other Assets 19,708 9,329 0 0% Total Assets $1,238,242 $526,971 $ 0 0% Liabilities Current Liabilities $522,636 $223,206 $ 0 0% Long-Term liabilities 310,729 85,025 0 0% Total Liabilities 833,365 308,231 0% Stockholders' Equity Common Stock 2,713 1,379 0 0% Additional Paid-in-Capital 291,316 164,581 0 0% Retained Earnings 110,848 52,780 0 0% Total Stockholders' Equity 404,877 218,740 0 0% Total Liabilities and Stockholders' Equity $1,238,242 $526,971 $ 0 0%
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