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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Research and Analysis Using the Annual Report

Obtain Whole Foods' 2016 annual report (filed November 18, 2016) either through the "Investor Relations" portion of its website (do a web search for Whole Foods investor relations) or go to www.sec.gov and click "Company Filings Search" under "Filings."

Required:

Discuss the implications of these ratios when evaluating Whole Foods' short-term liquidity.

To determine

Concept introduction:

Current Ratio:

Current Ratio is measure of the company’s ability to pay off its current liabilities using its current assets. It is calculated by dividing the total current assets by total current liabilities. The formula of the current ratio is as follows:

Current Ratio=Current assetsCurrent liabilities

To discuss:

The liquidity position of the Whole Foods.

Explanation

The Current ratio of Whole Foods for the year 2016 and 2015 are calculated as follows:

$ Millions Year 2016 Year 2015
Current Assets (A) 1,975 1,544

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