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, 2016 and
Common-Size Balance Sheets
Consider the following balance sheet data for Great Buy Co., Inc., an electronics and major appliance retailer, at February 26, 2016 and February 27, 2015 (amounts in thousands):
Feb. 26, 2016 Feb. 27, 2015 Cash and Cash Equivalents $59,872 $7,138 Accounts Receivables 52,944 37,968 Merchandise Inventories 637,950 249,991 Other Current Assets 13,844 ________________________________________ 9,829 ________________________________________ Total Current Assets 764,610 304,926 Property and Equipment (net) 172,724 126,442 Other Assets 15,160 ________________________________________ 7,774 ________________________________________ Total Assets $952,494 ________________________________________ $439,142 ________________________________________ Current Liabilities $402,028 $186,005 Long-Term liabilities 239,022 ________________________________________ 70,854 ________________________________________ Total Liabilities 641,050 256,859 Common Stock 2,087 1,149 Additional Paid-in-Capital 224,089 137,151 Retained Earnings 85,268 ________________________________________ 43,983 ________________________________________ Total Stockholders Equity 311,444 ________________________________________ 182,283 ________________________________________ Total Liabilities and Stockholders Equity $952,494 ________________________________________ $439,142 ________________________________________
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) Feb. 26, 2016 Feb. 27, 2015 Assets Current Assets Cash and Cash Equivalents Answer % Answer % Accounts Receivables Answer % Answer % Merchandise Inventories Answer % Answer % Other Current Assets Answer % ________________________________________ Answer % ________________________________________ Total Current Assets Answer % Answer % Property and Equipment (net) Answer % Answer % Other Assets Answer % ________________________________________ Answer % ________________________________________ Total Assets Answer % ________________________________________ Answer % ________________________________________ Liabilities Current Liabilities Answer % Answer % Long-Term liabilities Answer % ________________________________________ Answer % ________________________________________ Total Liabilities Answer % Answer % Stockholders' Equity Common Stock Answer % Answer % Additional Paid-in-Capital Answer % Answer % Retained Earnings Answer % ________________________________________ Answer % ________________________________________ Total Stockholders Equity Answer % ________________________________________ Answer % ________________________________________ Total Liabilities and Stockholders Equity Answer % ________________________________________ Answer % ________________________________________
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