Find current ratio, quick ratio, operating cash flow to current liabilites, and working capital for both companies for years 2017, 2018, and 2019.
Find current ratio, quick ratio, operating cash flow to current liabilites, and working capital for both companies for years 2017, 2018, and 2019.
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.11E
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Transcribed Image Text:Walmart
As Reported Annual Balance Sheet
Report Date
2019
2018
2017
2016
Scale
Thousands
Thousands
Thousands
Thousands
Assets
6,867,000
5,835,000
43,046,000
1,941,000
57,689,000
107.710,000
Cash & cash equivalents
Receivables, net
9,465,000
7,722,000
6,756,000
6,283,000
44,269,000
6.284.000
44,435,000
1,622,000
61,806,000
105,208,000
5,614,000
43,783,000
3,511,000
59,664,000
107,675,000
Inventories
Prepaid expenses & other current assets
3,623,000
61,897,000
104,317,000
Total current assets
Property & equipment, net
Operating lease right-of-use assets
Finance lease right-of-use assets, net
Property under capital lease & financing obligations, net
Goodwill
17,424,000
4,417,000
7,078,000
31,181,000
14,822,000
219,295,000
7,143,000
18,242,000
11,798,000
204,522,000
6,468,000
17,037,000
9,921,000
198,825,000
31,073,000
Other long-term assets
Total assets
16,567,000
236,495,000
Liabilities & Equity
Short-term borrowings
Accounts payable
575,000
46,973,000
22,296,000
280,000
5,362,000
1,793,000
5,225,000
47,060,000
22,159,000
428,000
1,876,000
5,257,000
46,092,000
22,122,000
645,000
3,738,000
1,099,000
41,433,000
20,654,000
921,000
2,256,000
Accrued liabilities
Accrued income taxes
Long-term debt due within one year
Operating lease obligations due within one year
Finance lease obligations due within one year
Capital lease & financing obligations due within one year
511,000
77,790,000
43,714,000
16,171,000
729,000
77,477,000
43,520,000
667,000
78,521,000
30,045,000
565,000
66.928,000
Total current liabilities
Long-term debt
Long-term operating lease obligations
Long-term finance lease obligations
Long-term capital lease & financing obligations
36,015,000
4,307,000
12,961,000
154,943,000
284,000
3,247,000
83,943,000
(12,805,000)
6,883,000
81,552,000
6,683,000
11,981,000
139,661,000
288,000
2,965,000
80,785,000
(11,542,000)
6,780,000
8,354,000
123,700,000
295,000
2,648,000
85,107,000
(10,181,000)
6,003,000
9,344,000
118,290,000
305,000
2,371,000
89,354,000
(14,232,000)
2,737,000
80,535,000
Deferred income taxes & other liabilities
Total Liabilities
Common stock
Capital in excess of par value
Retained earnings (accumulated deficit)
Accumulated other comprehensive income (loss)
Noncontrolling interest
Total equity
7,138,000
79,634,000
2,953,000
80,822,000
Additional Information
27.753.000
Net cash flows from operating activities
Land
Buildings & improvements
Fixtures & equipment
25.255.000
28,337,000
31,530,000
24,619,000
105,674,000
58,607,000
24,526,000
101,006,000
54,488,000
2,316,000
3,474,000
185,810,000
81.493,000
104,317,000
25,298,000
101,155,000
52,695,000
2,387,000
3,619,000
185,154,000
77,479,000
107,675,000
24,801,000
98,547,000
48,998,000
2,845,000
4,301,000
179,492,000
71,782,000
107,710,000
Transportation equipment
Construction in progress
2,377,000
Property & equipment, gross
Less: accumulated depreciation
Property & equipment, net
3,751,000
195,028,000
89,820,000
105,208,000
As Reported Annual Income Statement
Report Date
2019
2018
2017
Scale
Thousands
Thousands
Thousands
519,926,000
4,038,000
523,964,000
394,605,000
510,329,000
4,076,000
514,405,000
385,301,000
129,104,000
107,147,000
21,957,000
1,975,000
Net sales
495,761,000
4,582,000
500,343,000
373,396,000
126,947,000
106,510,000
20,437,000
1,978,000
352,000
152,000
(3,136,000)
Membership & other income
Total revenues
Cost of sales
Gross Profit
Operating, selling, general & administrative expenses
Operating income (loss)
Interest expense on debt
Interest expense on finance, capital lease & financing obligations
Interest income
Gain (loss) on extinguishment of debt
Other gains & (losses)
129,359,000
108,791,000
20,568,000
2,262,000
337,000
189,000
371,000
217,000
1,958,000
20,116,000
4,915,000
15,201,000
(320,000)
14,881,000
(8,368,000)
11,460,000
4,281,000
7,179,000
15,123,000
4,600,000
Income (loss) before income taxes
Provision (benefit) for income taxes
Income (loss) after income taxes
Less consolidated net income attributable to noncontrolling interest
Net Income
10,523,000
(509,000)
6,670,000
(661,000)
9,862,000
Additional Information
Weighted average shares outstanding - basic
Weighted average shares outstanding - diluted
Year end shares outstanding
2.850,000
2,868,000
2,832,000
2,929,000
2,945,000
2,878,000
2,995,000
3,010,000
2,952,000
Transcribed Image Text:Kroger
As Reported Annual Balance Sheet
Report Date
2018
Thousands
2019
2017
2016
Scale
Thousands
Thousands
Thousands
Cash & temporary cash investments
Store deposits in-transit
Receivables
399,000
1,179,000
1,706,000
7,084,000
429,000
1,181,000
1,589,000
6.846.000
166,000
592,000
10,803,000
21,635,000
347,000
1,161,000
1,637,000
6.533,000
322,000
910,000
1,649,000
6,561,000
Inventory
604,000
835,000
11,117,000
21,071,000
Assets held for sale
0.00
522,000
10,890,000
21,871,000
898,000
10,340,000
21,016,000
Prepaid & other current assets
Total current assets
Property, plant & equipment, net
Operating lease assets
Intangibles, net
Goodwill
6,814,000
1,066,000
3,076,000
1,258,000
3,087,000
1,335,000
1,100,000
2,925,000
984,000
37,197,000
1,153,000
3,031,000
965,000
36,505,000
Other assets
1,539,000
Total assets
45,256,000
38,118,000
Liabilities
1,965,000
Current portion of long-term debt including obligations under fin
Current portion of long-term debt including obligations under ca
Current portion of operating lease liabilities
Trade accounts payable
Accrued salaries & wages
3,157,000
3,560,000
2,252,000
597,000
6,349,000
1,168,000
6,059,000
1,227,000
5,858,000
1,099,000
5,818,000
1,234,000
251.000
Deferred income taxes
Liabilities held for sale
51,000
3,780,000
14,274,000
259,000
3,421,000
14,197,000
3,305,000
12,860,000
Other current liabilities
Total current liabilities
Noncurrent operating lease liabilities
Long-term debt including obligations under finance leases
Long-term debt including obligations under capital leases & fina
Deferred income taxes
4,164,000
14,243,000
6,505,000
12,111,000
12,072,000
1,562,000
494,000
1,881,000
30,283,000
12,029,000
11,825,000
1,927,000
1,524,000
1,659,000
29,795,000
1,466,000
608,000
1,568,000
792,000
Pension & postretirement benefit obligations
Other long-term liabilities
1,750,000
36,683,000
1,706,000
Total liabilities
30,292,000
1.918,000
3,161,000
(471,000)
17,007,000
14,684,000
(26,000)
6,905,000
1,918,000
3,070,000
(715,000)
15,543,000
13,118,000
12,000
6,710,000
Common shares
1.918.000
1,918,000
3,245,000
(346,000)
19,681,000
16,612,000
(51,000)
7,835,000
Additional paid-in capital
3,337,000
(640,000)
20,978,000
16.991,000
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Common shares in treasury, at cost
Noncontrolling interests
Total equity (deficit)
Additional Information
Net cash flows from operating activities
Land
(29,000)
8,573,000
4,664,000
3,299,000
12,553,000
15,031,000
10,832,000
3,166,000
966,000
45,847,000
4,164,000
3,254,000
12,245,000
14,277,000
10,306,000
3,413,000
3,201,000
12,072,000
13,635,000
9,773,000
2,050,000
1,000,000
41,731,000
20,660,000
21,071,000
4.272.000
Buildings & land improvements
Equipment
Leasehold improvements
Construction-in-progress
Leased property under capital leases & financing obligations
Total property, plant & equipment
Accumulated depreciation & amortization
Property, plant & equipment, net
As Reported Annual Income Statement
Report Date
3,197,000
11,643,000
13,495,000
9,342,000
1,979,000
932,000
40,588,000
2,716,000
1,066,000
43,864,000
22,229,000
21,635,000
23,976,000
19.572.000
21,871,000
21,016,000
2019
2018
2017
Scale
Thousands
Thousands
Thousands
122,286,000
95,294,000
26,992,000
21,208,000
884,000
2,649,000
Sales
121,162,000
94,894,000
26,268,000
20,305,000
884,000
2,465,000
2,614,000
620,000
26,000
228,000
1,782,000
3,978,000
900,000
3,078,000
32,000
3,110,000
Cost of sales
122,662,000
95,662,000
27,000,000
21,568,000
911,000
2,436,000
2,085,000
601,000
Gross Profit
Operating, general & administrative
Rent
Depreciation & amortization
Operating profit (loss)
Interest expense
Non-service component of company-sponsored pension plan c
Mark to market gain (loss) on Ocado International Holdings Limit
2,251,000
603,000
157,000
176,000
1,981,000
469,000
1,512,000
Gain on sale of businesses
Net earnings before income tax expense (benefit)
Income tax expense (benefit)
Net earnings after income tax expense (benefit)
Net earnings (loss) attributable to noncontrolling interests
Net earnings (loss) attributable to The Kroger Co.
1,484,000
(405,000)
1,889,000
147,000
1,659,000
18,000
1,907,000
Additional Information
Weighted average shares outstanding - basic
Weighted average shares outstanding - diluted
Year end shares outstanding
799,000
805,000
788,000
810,000
818,000
798,000
895,000
904,000
870,000
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