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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

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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): Cash and Cash Equivalents Accounts Receivables Merchandise Inventories Other Current Assets Total Current Assets Property and Equipment (net) Other Assets Total Assets Current Liabilities Long-Term liabilities Total Liabilities Common Stock Additional Paid-in-Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Feb. 26, 2019 Feb. 27, 2018 $60,872 $7,138 52,944 37,968 637,950 249,991 13,844 9,729 765,610 304,826 172,724 126,442 15,160 7,774 $953,494 $439,042 $402,028 $186,005 239,022 70,854 641,050 256,859 3,087 1,149 224,089 137,151 85,268 43,883 312,444 182.183 $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: 0.2345 = 23.5%). a. 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%). DAVIS CO., INC. Comparative Balance Sheets (Thousands of Dollars) Increase Percent Feb. 26, 2019 Feb. 27, 2018 (Decrease) Change Assets Current Assets Cash and Cash Equivalents $60,872 $7,138 $ 0 % Accounts Receivables 52,944 37,968 0 0% Merchandise Inventories 637,950 249,991 0% Other Current Assets 13,844 9,729 0 % Total Current Assets 765,610 304,826 0 0% Property and Equipment (net) 172,724 126,442 0 0 % Other Assets 15,160 7,774 0% Total Assets $953,494 $439,042 $ 0 0% Liabilities Current Liabilities $402,028 $186,005 $ 0 0% Long-Term liabilities 239,022 70,854 0 0% Total Liabilities 641,050 256,859 0 % Stockholders' Equity Common Stock 3,087 1,149 0 0% Additional Paid-in-Capital 224,089 137,151 0 0% Retained Earnings 85,268 43,883 0 % Total Stockholders' Equity 312,444 182,183 0 % Total Liabilities and Stockholders' Equity $953,494 $439,042 $ 0 0 %

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