Business, 01.09.2021 01:00 ARandomPersonOnline

Smith's Shoe Warehouse, Incorporated, previously called DSW, sells luxurious and fashionable shoes. Its balance sheet, at August 3, 2019 (the first Saturday of the month), contained the following items and approximate amounts (in millions). Accounts Payable $290,700
Accounts Receivable 117,000
Cash 318,700
Common Stock 847,100
Equipment 453,500
Inventory 396,000
Notes Payable 129,300
Retained Earnings 18,100
Total Assets $1,285,200
Total Liabilities and Stockholders' Equity $

Required:
a. Prepare the balance sheet as of February 2, 2013. (Enter your answers in thousands.)
b. As of February 2, did most of the financing for assets come from creditors or stockholders?

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Smith's Shoe Warehouse, Incorporated, previously called DSW, sells luxurious and fashionable shoes....

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