Companies that operate in different industries may have very different financial ratio values. These differences may grow
Question:
Compare three leading companies on their current ratio, debt ratio, and times-interest earned ratio. Compute three ratios for Sobeys (the Canadian grocery chain), Sony (the Japanese electronics manufacturer), and Daimler (the German auto company).
Based on your computed ratio values, which company looks the least risky? (Challenge)
Transcribed Image Text:
(amounts in millions or billions) Income data Total revenues Operating income Sobeys $12,853 332 35 197 Sony 17 ,475 191 29 124 Daimler 151,589 2,072 913 3,227 Net i Asset and liability data Total current assets Long-term Total current liabilities Long-term liabilities Shareholders' equity $1,235 2,504 1,230 674 1,835 Y3,770 6,838 3,200 4,204 3,204 93,131 96,891 59,977 95,890 34,155
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Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
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