Question 1 Not complete Marked out of 32.00 P Flag question 13,844 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 $66,872 $14,138 Accounts Receivables 59,944 44.968 Merchandise Inventories 644,950 256,991 Other Current Assets 9,829 Total Current Assets 785,610 325,926 Property and Equipment (net) 172,724 126,442 Other Assets 15,160 7,774 Total Assets $973,494 $460,142 Current Liabilities $409,028 $193,005 Long-Term liabilities 246,022 77,854 Total Liabilities 655,050 270,859 Common Stock 2,087 1,149 Additional Paid-in-Capital 231,089 144, 151 Retained Earnings 85,268 43,983 Total Stockholders' Equity 318,444 189,283 Total Liabilities and Stockholders' Equity $973,494 $460,142 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- Feb. 26, 2013 Size Year-ended Feb. 27, 2012 Common- Size Assets 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 $66,872 96 $14,138 96 Accounts Receivables 59,944 96 44.968 96 Merchandise Inventories 644,950 96 256,991 96 Other Current Assets 13,844 96 9,829 96 Total Current Assets 785,610 96 325,926 96 Property and Equipment (net) 172,724 96 126,442 96 Other Assets 15,160 96 7,774 96 Total Assets $973,494 96 $460,142 96 Liabilities Current Liabilities $409,028 96 $193,005 96 Long-Term liabilities 246,022 96 77,854 96 Total Liabilities 655,050 96 270,859 96 Stockholders' Equity Common Stock 2,087 96 1,149 96 Additional Paid-in-Capital 231,089 96 144,151 96 Retained Earnings 85,268 96 43,983 96 Total Stockholders' Equity 318,444 96 189,283 96 Total Liabilities and Stockholders' Equity $973,494 96 $460,142 96 Check Save Answers Next