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 $119,744 $14,990 Accounts receivables 105,888 79,733 Merchandise inventories 1,275,900 524,981 Other current assets 27,688 20,641 Current Assets 1,529,220 640,345 Property and equipment (net) 364,448 271,850 Other assets 31,988 16,714 Total Assets $1,925,656 $928,909 Current Liabilities $804,056 $390,611 Long-term liabilities 478,044 148,793 Total Liabilities 1,282,100 539,404 Common stock 4,404 2,470 Additional paid-in-capital 472,828 294,875 Retained earnings 166,324 92,160 Total Stockholders Equity 643,556 389,505 Total Liabilities and Stockholders Equity $1,925,656 $928,909 Prepare a comparative balance sheet, showing increases in dollars and percentages. (Round percentages to one decimal.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started