Comparative Balance Sheets

Consider the following balance sheet data for Davis Co$.,$ Inc., an electronics and major appliance retailer, at February $26,2019$ and February $27,2018($amounts in thousands$)$:

Feb. $26,2019$ Feb. $27,2018$

Cash and Cash Equivalents $$60,872$ $$7,138$

Accounts Receivables $52,94437,968$

Merchandise Inventories $637,950249,991$

Other Current Assets $13,8449,729$

Total Current Assets $765,610304,826$

Property and Equipment $($net$)172,724126,442$

Other Assets $15,1607,774$

Total Assets $$953,494$ $$439,042$

Current Liabilities $$402,028$ $$186,005$

Long$-$Term liabilities $239,02270,854$

Total Liabilities $641,050256,859$

Common Stock $3,0871,149$

Additional Paid$-$in$-$Capital $224,089137,151$

Retained Earnings $85,26843,883$

Total Stockholders$$ Equity $312,444182,183$

Total Liabilities and Stockholders$$ Equity $$953,494$ $$439,042$

a$.$ Prepare a comparative balance sheet, showing increases in dollars and percentages.

Note: Round "Percent Change" answers to one decimal place $($ex: $0\mathrm{.}2345=23\mathrm{.}5\%).$

DAVIS CO$.,$ INC.

Comparative Balance Sheets

$($Thousands of Dollars$)$

Feb. $26,2019$

Feb. $27,2018$ Increase

$($Decrease$)$ Percent

Change

Assets

Current Assets

Cash and Cash Equivalents $$60,872$ $$7,138$ Answer $1$

$53,734$

Answer $2$

$1\mathrm{.}6$

Accounts Receivables $52,94437,968$ Answer $3$

$14,976$

Answer $4$

$20$

Merchandise Inventories $637,950249,991$ Answer $5$

$387,959$

Answer $6$

$6$

Other Current Assets $13,8449,729$ Answer $7$

$4,115$

Answer $8$

$20$

Total Current Assets $765,610304,826$ Answer $9$

$460,784$

Answer $10$

$0$

Property and Equipment $($net$)172,724126,442$ Answer $11$

$46,282$

Answer $12$

$0$

Other Assets $15,1607,774$ Answer $13$

$7,386$

Answer $14$

$0$

Total Assets $$953,494$ $$439,042$ Answer $15$

$514,452$

Answer $16$

$0$

Liabilities

Current Liabilities $$402,028$ $$186,005$ Answer $17$

$216,023$

Answer $18$

$0$

Long$-$Term liabilities $239,02270,854$ Answer $19$

$168,168$

Answer $20$

$0$

Total Liabilities $641,050256,859$ Answer $21$

$384,191$

Answer $22$

$0$

Stockholders' Equity

Common Stock $3,0871,149$ Answer $23$

$1,938$

Answer $24$

$0$

Additional Paid$-$in$-$Capital $224,089137,151$ Answer $25$

$86,938$

Answer $26$

$0$

Retained Earnings $85,26843,883$ Answer $27$

$41,385$

Answer $28$

$0$

Total Stockholders$$ Equity $312,444182,183$ Answer $29$

$130,261$

Answer $30$

$0$

Total Liabilities andStockholders$$ Equity $$953,494$ $$439,042$ Answer $31$

$514,452$

Answer $32$

$0$