Safeway Inc. is a competitor of Sobeys and Loblaw, operating over 1,700 grocery and drug stores across Western Canada and in the United States. Safeway reported the following selected information (in USD millions):

Instructions
(a) Calculate the working capital, current ratio, and debt to total assets ratio for each year.
(b) Did Safeway's liquidity and solvency improve or worsen during 2010?
(c) Using the data in the chapter, compare Safeway's liquidity and solvency with that of Sobeys, Loblaw, and the industry for 2010 and 2009.

Transcribed Image Text:

2010 2009 Current assets Non-current assets Current liabilities Non-current liabilities s 3,825.3S 3,976.2 13,508.5 4,499.2 6,199.3 11,138.3 4,237.8 5,779.4