Question
QUESTION 7 Not completePoints out of 10.00Flag question Question text Common-Size Balance Sheets Consider the following balance sheet data for Great Buy Co., Inc., an
QUESTION7Not completePoints out of 10.00Flag question
Question textCommon-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, 2013Feb. 27, 2012Cash and Cash Equivalents$62,872$10,138Accounts Receivables55,94440,968Merchandise Inventories640,950252,991Other Current Assets13,8449,829Total Current Assets773,610313,926Property and Equipment (net)175,724129,442Other Assets18,16010,774Total Assets$967,494$454,142Current Liabilities$405,028$189,005Long-Term liabilities242,02273,854Total Liabilities647,050262,859Common Stock5,0874,149Additional Paid-in-Capital227,089140,151Retained Earnings88,26846,983Total Stockholders' Equity320,444191,283Total Liabilities and Stockholders' Equity$967,494$454,142
Prepare common-size balance sheets for each year (use total assets as the base amount for computing percentages). Round percentages to one decimal point. Computepercentages for each "Total" below.Do notadd prior percentage amounts to arrive at Totals.
GREAT BUY COMPANY, INC.
Common-Size Balance Sheets
(Percentage of Total Assets)Feb. 26, 2013Feb. 27, 2012AssetsCurrent AssetsCash and Cash EquivalentsAnswer
%Answer
%Accounts ReceivablesAnswer
%Answer
%Merchandise InventoriesAnswer
%Answer
%Other Current AssetsAnswer
%Answer
%Total Current AssetsAnswer
%Answer
%Property and Equipment (net)Answer
%Answer
%Other AssetsAnswer
%Answer
%Total AssetsAnswer
%Answer
%LiabilitiesCurrent LiabilitiesAnswer
%Answer
%Long-Term liabilitiesAnswer
%Answer
%Total LiabilitiesAnswer
%Answer
%Stockholders' EquityCommon StockAnswer
%Answer
%Additional Paid-in-CapitalAnswer
%Answer
%Retained EarningsAnswer
%Answer
%Total Stockholders' EquityAnswer
%Answer
%Total Liabilities and Stockholders' EquityAnswer
%Answer
%
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