La-Z-Boy Inc. (LZB) is one of the worlds largest manufacturer of furniture and is best known for
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) 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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