Kroger Co.s 2007 financial statements contained the following data (in millions). Current assets ..... $ 6,755 Accounts
Question:
Kroger Co.’s 2007 financial statements contained the following data (in millions).
Current assets ..... $ 6,755
Accounts receivable .... $ 773
Total assets ....... 21,215
Interest expense ....... 488
Current liabilities ...... 7,581
Income tax expense ..... 633
Total liabilities ..... 16,292
Net income ....... 1,115
Cash ........... 189
Instructions
Compute these values:
(a) Working capital.
(b) Current ratio.
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...
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Related Book For 
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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