Question: Common-Size Balance Sheets Consider the following balance sheet data for Great Buy Co., Inc., an electronics and major appliance retailer, at February 26, 2013 and

 Common-Size Balance Sheets Consider the following balance sheet data for GreatBuy Co., Inc., an electronics and major appliance retailer, at February 26,

Common-Size 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 $78,872 $26,138 Accounts Receivables 71,944 56,968 Merchandise Inventories 656,950 268,991 Other Current Assets 13,844 9,829 Total Current Assets 821,610 361,926 Property and Equipment (net) 191,724 145,442 Other Assets 15,160 7,774 Total Assets $1,028,494 $515,142 Current Liabilities Long-Term liabilities Total Liabilities Common Stock $421,028 258,022 679,050 2,087 243,089 104,268 349,444 $1,028,494 $205,005 89,854 294,859 1,149 156,151 62,983 220,283 $515,142 Additional Paid-in-Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Prepare common-size balance sheets for each year (use total assets as the base amount for computing percentages). Round percentages to one decimal point. Compute percentages for each "Total" below. Do not add prior percentage amounts to arrive at Totals. GREAT BUY COMPANY, INC. Common-Size Balance Sheets (Percentage of Total Assets) Year-ended Common- Feb. 26, 2013 Size Year-ended Feb. 27, 2012 Common- Size Assets 0 % 0% 0 % 0 % 0% 0 % 0 % 0 % $78,872 71,944 656,950 13,844 821,610 191,724 15,160 $1,028,494 $26,138 56,968 268,991 9,829 361,926 145,442 7,774 $515,142 0 % 0 % 0 % 0 % 0 % 0 % 0% 0 % Current Assets Cash and Cash Equivalents Accounts Receivables Merchandise Inventories Other Current Assets Total Current Assets Property and Equipment (net) Other Assets Total Assets Liabilities Current Liabilities Long-Term liabilities Total Liabilities Stockholders' Equity Common Stock Additional Paid-in-Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 0 % $421,028 258,022 679,050 $205,005 89,854 294,859 0% 0 % 0 % 0 % 0 % 2,087 0 % 1,149 0 % 0 % 0 % 0 % 243,089 104,268 349,444 $1,028,494 156,151 62,983 220,283 $515,142 0 % 0 % 0 % 0% 0 %

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