Problem:
The following information (in thousands of dollars) is available for H.J. Heinz Company - famous for ketchup and other fine food products - for the year ended April 28, 2007
Prepare the asset section of a classified balance sheet.
Prepaid expenses $165,177 Inventories $1,156,932
Land 65,836 Buildings and equipment 3,661,388
Other current assets 15,493 Cash and cash equivalents 1,180,039
Intangible assets 2,753,735 Receivables 1,093,155
Other noncurrent assets 1,455,372 Accumulated depreciation 1,669,938