Excerpts from the financial statements for Kroger, a major supermarket retailer, are as follows (dollars in millions).

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Excerpts from the financial statements for Kroger, a major supermarket retailer, are as follows (dollars in millions).

2014 2013 $ 1,256 $ 1,359 Cash Accounts receivable 1,266 1,116 Inventory 5,688 5,651 Property, plant, and equipment 17,9


REQUIRED:
Organize these numbers into income statement and balance sheets,  and comment on Kroger€™s solvency and earning power positions.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Solvency
Solvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial...
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