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 | $104,776 | $11,421 |
| Accounts receivables | 92,652 | 60,749 |
| Merchandise inventories | 1,116,413 | 399,986 |
| Other current assets | 24,227 | 15,726 |
| Current Assets | 1,338,068 | 487,882 |
| Property and equipment (net) | 291,040 | 195,985 |
| Other assets | 25,545 | 12,050 |
| Total Assets | $1,654,653 | $695,917 |
| Current Liabilities | $703,549 | $297,608 |
| Long-term liabilities | 418,289 | 113,366 |
| Total Liabilities | 1,121,838 | 410,974 |
| Common stock | 3,517 | 1,781 |
| Additional paid-in-capital | 377,590 | 212,584 |
| Retained earnings | 151,708 | 70,578 |
| Total Stockholders Equity | 532,815 | 284,943 |
| Total Liabilities and Stockholders Equity | $1,654,653 | $695,917 |
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 | Answer | Answer | Answer | Answer |
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