Question: Suppose Kroger Co s 2014 financial statements contained the following data

Suppose Kroger Co.’s 2014 financial statements contained the following data (in millions).
Current assets ........ $ 7,450
Total assets ........ 23,093
Current liabilities ....... 7,714
Total liabilities ........ 18,187
Cash ............ 424
Accounts receivable ..... $909
Interest expense ...... 502
Income tax expense ..... 532
Net income ........ 70

Instructions
Compute these values:
(a) Working capital.
(b) Current ratio.


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  • CreatedJanuary 30, 2014
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