Using the Kroger and Albertsons $2019-2023$ Financial statements, calculate the A$/$R Turnover, A$/$P Turnover, ROA and ROE ratios for a four$-$year period. P

Then answer the following:

a$.$ Compare Kroger and Albertsons$$ A$/$P Turnover to their A$/$R Turnover. Why are they so different from each other?

b$.$ Compare Kroger and Albertsons inventory turnover? Which firm is more efficient with inventory? Is there a trend $($over time$)$ for either of both of them?

c$.$ Compare Kroger$$s capital expenditures to its depreciation. Are they comparable?

d$.$ What is the difference between ROA and ROE? What stakeholders would be most interested in ROA? And which would be most interested in ROE?

e$.$ If we were trying to compare Kroger and Albertsons and we were a supplier $($like P&G$),$ which of these ratios$/$numbers are most helpful to decide whether to supply to Kroger or Albertsons?

$$ Inventory Turnover $=$ Cost of Goods Sold$/$Inventory

$$ A$/$R $($Accounts Receivable$)$ Turnover $=($Sales $($preferably credit sales, but they are grocery companies$))/$Average Accounts Receivable

$$ A$/$P $($Accounts Payable$)$ Turnover $=$ Cost of Goods Sold $+$ Change in Inventory$)/$Average Accounts Payable

$$ ROA $($Return on Assets$)=$ Net Income $/$ Average Total Assets

$$ ROE $($Return on Equity$)=$ Net Income $/$ Average Total Stockholders$$ Equity

$$ Capital Expenditures $=$ Find it on the Statement of Cash Flows $($Why there?$)$

$$ Depreciation $=$ Find it on the Statement of Cash Flows $($Why there?$)$