Question
La-Z-Boy Inc. (LZB) is one of the world's largest manufacturer of furniture and is best known for its reclining chairs. The following data (in thousands)
| La-Z-Boy Inc. (LZB) is one of the world's largest manufacturer of furniture and is best known for its reclining chairs. The following data (in thousands) were adapted from recent financial statements: |
|
| Accounts payable | $ 62,403 |
| Accounts receivable | 154,055 |
| Accrued expenses payable | 118,721 |
| Accumulated depreciation | 339,890 |
| Common stock | 46,788 |
| Cash | 136,871 |
| Intangible assets | 93,444 |
| Inventories | 184,841 |
| Debt due within one year | 223 |
| Long-term debt | 199 |
| Other current assets | 42,451 |
| Other long-term assets | 100,423 |
| Other long-term liabilities | 86,205 |
| Other stockholders' equity items | 286,784 |
| Property, plant, and equipment | 520,772 |
| Retained earnings | 291,644 |
Prepare a classified balance sheet as of April 28
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