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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
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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