13 Analysis and Interpretation of Financial Statements Feb. 26, 2016 Feb. 27, 20

Question

13 Analysis and Interpretation of Financial Statements Feb. 26, 2016 Feb. 27, 2015 59,872 52,944 637,950 13,844 764,610 172,724 15,160 $ 7,138 37,968 249,991 9,829 304,926 126,442 7,774 $439,142 . Cash and cash equivalents Merchandise inventories . Property and equipment (net).. ...$952,494 $186,005 70,854 256,859 1,149 137,151 43,983 182,283 $439,142 . . ._.. $402,028 239,022 641,050 2,087 224,089 85,268 311,444 Total Stockholders' Equity. . . Total Liabilities and Stockholders' Equity $952,494 Pre pare a comparative balance sheet, showing increases in dollars and percentages. a. Comment briefly on the changes between the two years. Common-Size Balance Sheets Refer to the balance sheet data given in Exercise E13-3B. a. Prepare common-size balance sheets for each year (use total assets as the base amount for co b. E13-4B. puting percentages). b. Compare the common-size balance sheets and comment briefly

Explanation / Answer

Increase (Decrease) Comparative balance sheet Feb 26 2016 Feb 27 2015 Amount Percent Assets Cash and cash equivalents 59872 7138 52734 738.78% Accounts receivable (net) 52944 37968 14976 39.44% Merchandise Inventory 637950 249991 387959 155.19% Other current asset 13844 9829 4015 40.85% Current assets 764610 304926 459684 150.75% Property and equipment net 172724 126442 46282 36.60% Other assets 15160 7774 7386 95.01% Total assets 952494 439142 513352 116.90% Liabilities Current liabilities 402028 186005 216023 116.14% Long term liabilities 239022 70854 168168 237.34% Total liabilities 641050 256859 384191 149.57% Stockholders equity Common stock 2087 1149 938 81.64% Additional paid in capital 224089 137151 86938 63.39% Retained earnings 85268 43983 41285 93.87% Total stockholders equity 311444 182283 129161 70.86% Total liabilities and stockholders equity 952494 439142 513352 116.90% Common size Assets Feb 26 2016 percentage Feb 27 2015 percentage Cash and cash equivalents 59872 6.29% 7138 1.63% Accounts receivable (net) 52944 5.56% 37968 8.65% Merchandise Inventory 637950 66.98% 249991 56.93% Other current asset 13844 1.45% 9829 2.24% Current assets 764610 80.27% 304926 69.44% Property and equipment net 172724 18.13% 126442 28.79% Other assets 15160 1.59% 7774 1.77% Total assets 952494 100.00% 439142 100.00% Liabilities Current liabilities 402028 42.21% 186005 42.36% Long term liabilities 239022 25.09% 70854 16.13% Total liabilities 641050 67.30% 256859 58.49% Stockholders equity Common stock 2087 0.22% 1149 0.26% Additional paid in capital 224089 23.53% 137151 31.23% Retained earnings 85268 8.95% 43983 10.02% Total stockholders equity 311444 32.70% 182283 41.51% Total liabilities and stockholders equity 952494 100.00% 439142 100.00%

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