eBook Print Question 1 Partially correct Mark 7.00 out of 32.00 P Flat 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 February 27, 2012 (amounts in thousands) Feb. 26, 2013 Feb. 27, 2012 Cash and Cash Equivalents $59,872 57,138 Accounts Receivables 52,944 37,968 Merchandise Inventories 642.950 254.991 Other Current Assets 18.844 14,829 Total Current Assets 774,610 314,926 Property and Equipment (net) 172,724 126 442 Other Assets 15.160 7,774 Total Assets 5962 494 $449,142 Current Liabilities 5402,028 $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 229,089 142.151 Retained Earnings 90,268 48.983 Total Stockholders Equity 321,444 192,283 Total Liabilities and Stockholders' Equity $962,494 $449,142 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) Year-ended Common Year-ended Common- Feb. 26, 2013 Size Feb. 27, 2012 Size Assets Current Assets Cash and Cash Equivalents $59.872 6.3% 17,138 21% X Accounts Receivables 52,944 5,6% 37,968 9XX Merchandise Inventories 642,950 66.8 254.991 56.6W X Other Current Assets 18.844 1.4% X 14,829 2.2% X Total Current Assets 774,610 80.3% X 314.926 69.6% X Property and Equipment (net) 172,724 18% X 126,442 28.4% X Other Assets 15,160 1.6% 7,774 1.7 Total Assets 5962494 100% $449,142 100% Liabilities Current Liabilities $402,028 42.2 x $186,005 42.2 x Long-Term liabilities 239,022 24.9% X 70,654 15.9% x Total Liabilities 641,050 67.1% X 256,859 58.2 x Stockholders' Equity Common Stock 2,087 0.4% X 1.149 0.7 x 229089 Additional Paid-in-Capital 23.6 X 142.151 31.1 90,268 Retained Earnings 6.9 48.983 9.9% Total Stockholders Equity 321,444 23.9 X 192.283 41.8% X Total Liabilities and Stockholders' Equity 5962494 100M 5449.142 100% Check