Solution-Prepare a classified balance sheet as of april

Prepare a classified balance sheet as of april

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Reference no: EM133118627

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

Required - Prepare a classified balance sheet as of April 28.

Reference no: EM133118627

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Prepare a classified balance sheet as of april

Reference no: EM133118627

Reference no: EM133118627

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