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Q1) The Kroger Company is one of the world's largest supermarket chains. These selected items were adapted from a recent Kroger balance sheet. (Dollar amounts are in millions)

Cash (including deposit-in-transit) $918
Receivables
786
Merchandise inventories
4,855
Other current assets
555
Property, plant and equipment
12,498
Retained earnings
6,480
Total current liabilities
8,689

problems:

a. Using information above, find out amounts of Kroger's total current assets and total quick assets.

b. find out company's (1) current ratio, (2) quick ratio, and (3) working capital.(Round to one decimal place.)

c. From these calculations, are you able to conclude whether Kroger is good credit risk for short-term creditors or on the brink of bankruptcy? describe.

d. Is there anything unusual about operating cycle of supermarkets which would make you think that they would generally have lower current ratios than, say, large department stores?

e. What other kinds of information would you use in performing a more complete analysis of Kroger's liquidity?

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  • Category:- Accounting Basics
  • Reference No.:- M920665

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