The Kroger company is one of the worlds largest supermarket chains. The selected items were adapted form Kroger's balance sheet as of January 30, 2016 (dollars are in millions) Cash(including temporary investments and deposit-in-transit $1,200 Receivables 1,734 Merchandise inventories 7,368 Other current assets 790 Property, plant and equip (net of depreciation) 19,619 Retained earnings 14,011 Total current Liabilities 12,971 A. Using this information compute the amounts of Kroger's current assets and total quick assets B-1. Compute the company's current ratio B-2 Compute the company's quick ratio B-3 Compute the company's working capital (Round ratios to 2 decimal places. Negative amount should be indicated by a minus sign)
The Kroger company is one of the worlds largest supermarket chains. The selected items were adapted form Kroger's balance sheet as of January 30, 2016 (dollars are in millions) Cash(including temporary investments and deposit-in-transit $1,200 Receivables 1,734 Merchandise inventories 7,368 Other current assets 790 Property, plant and equip (net of depreciation) 19,619 Retained earnings 14,011 Total current Liabilities 12,971 A. Using this information compute the amounts of Kroger's current assets and total quick assets B-1. Compute the company's current ratio B-2 Compute the company's quick ratio B-3 Compute the company's working capital (Round ratios to 2 decimal places. Negative amount should be indicated by a minus sign)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Kroger company is one of the worlds largest supermarket chains. The selected items were adapted form Kroger's balance sheet as of January 30, 2016 (dollars are in millions)
| Cash(including temporary investments and deposit-in-transit | $1,200 |
| Receivables | 1,734 |
| Merchandise inventories | 7,368 |
| Other current assets | 790 |
| Property, plant and equip (net of |
19,619 |
| 14,011 | |
| Total current Liabilities | 12,971 |
A. Using this information compute the amounts of Kroger's current assets and total quick assets
B-1. Compute the company's
B-2 Compute the company's quick ratio
B-3 Compute the company's
(Round ratios to 2 decimal places. Negative amount should be indicated by a minus sign)
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