Question

Comparative 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	$77,834	$8,566
Accounts Receivables	68,827	45,562
Merchandise Inventories	829,335	299,989
Other Current Assets	17,997	11,795
Total Current Assets	993,993	365,912
Property and Equipment (net)	224,541	151,730
Other Assets	19,708	9,329
Total Assets	$1,238,242	$526,971
Current Liabilities	$522,636	$223,206
Long-Term liabilities	310,729	85,025
Total Liabilities	833,365	308,231
Common Stock	2,713	1,379
Additional Paid-in-Capital	291,316	164,581
Retained Earnings	110,848	52,780
Total Stockholders' Equity	404,877	218,740
Total Liabilities and Stockholders' Equity	$1,238,242	$526,971

Prepare a comparative balance sheet, showing increases in dollars and percentages. Round percentages to one decimal point.

GREAT BUY COMPANY, INC. Comparative Balance Sheets (Thousands of Dollars)
	Feb. 26, 2013	Feb. 27, 2012	Increase (Decrease)	Percent Change
Assets
Current Assets
Cash and Cash Equivalents	$Answer	$Answer	$Answer	Answer%
Accounts Receivables	Answer	Answer	Answer	Answer%
Merchandise Inventories	Answer	Answer	Answer	Answer%
Other Current Assets	Answer	Answer	Answer	Answer%
Total Current Assets	Answer	Answer	Answer	Answer%
Property and Equipment (net)	Answer	Answer	Answer	Answer%
Other Assets	Answer	Answer	Answer	Answer%
Total Assets	$Answer	$Answer	$Answer	Answer%
Liabilities
Current Liabilities	$Answer	$Answer	$Answer	Answer%
Long-Term liabilities	Answer	Answer	Answer	Answer%
Total Liabilities	Answer	Answer	Answer	Answer%
Stockholders' Equity
Common Stock	Answer	Answer	Answer	Answer%
Additional Paid-in-Capital	Answer	Answer	Answer	Answer%
Retained Earnings	Answer	Answer	Answer	Answer%
Total Stockholders' Equity	Answer	Answer	Answer	Answer%
Total Liabilities and Stockholders' Equity	$Answer	$Answer	$Answer	Answer%

Answer 1

Comparative balance sheet, showing increases in dollars and percentages is as shown below:

GREAT BUY COMPANY, INC.
Comparative Balance Sheets
(Thousands of Dollars)
	Feb. 26, 2013	Feb. 27, 2012	Increase	Percent
			(Decrease)	Change
Assets
Current Assets
Cash and Cash Equivalents	$ 77,834	$ 8,566	$ 69,268	809%
Accounts Receivables	68,827	45,562	$ 23,265	51%
Merchandise Inventories	829,335	299,989	$ 529,346	176%
Other Current Assets	17,997	11,795	$ 6,202	53%
Total Current Assets	993,993	365,912	$ 628,081	172%
Property and Equipment (net)	224,541	151,730	$ 72,811	48%
Other Assets	19,708	9,329	$ 10,379	111%
Total Assets	$ 1,238,242	$ 526,971	$ 711,271	135%
Liabilities
Current Liabilities	$ 522,636	$ 223,206	$ 299,430	134%
Long-Term liabilities	310,729	85,025	$ 225,704	265%
Total Liabilities	833,365	308,231	$ 525,134	170%
Stockholders' Equity
Common Stock	2,713	1,379	$ 1,334	97%
Additional Paid-in-Capital	291,316	164,581	$ 126,735	77%
Retained Earnings	110,848	52,780	$ 58,068	110%
Total Stockholders' Equity	404,877	218,740	$ 186,137	85%
Total Liabilities and Stockholders' Equity	$ 1,238,242	$ 526,971	$ 711,271	135%