Obtain Whole Foods' 2016 annual report (filed November 18, 2016) either through the ''Investor Relations'' portion of
Question:
Required:
1. What are Whole Foods' total current liabilities for 2016?
2. How much of its current liabilities is the current portion of all long-term liabilities (including the current portion of capital lease obligations)?
3. Item 3 in the 10-K discusses legal proceedings. Whole Foods references Note 16 of the Notes to Consolidate Financial Statements in Item 8 (this is the ''Commitments and Contingencies'' Note). Based on the information in Note 16, do you believe that Whole Foods is a defendant in any lawsuits? If so, do you believe that Whole Foods has recognized a contingent liability related to these current legal proceedings?
4. Calculate Whole Foods' current ratio for 2016 and 2015.
5. Discuss Whole Foods' short-term liquidity based on the values and trends of the current ratio.
6. Calculate Whole Foods' quick ratio and cash ratio for 2016 and 2015.
7. Discuss the implications of these ratios when evaluating Whole Foods' short-term liquidity.
8. Calculate Whole Foods' operating cash flows ratio.
9. Discuss the implications of this ratio when evaluating Whole Foods' short-term liquidity.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
1 At September 252016 Whole Foods had current liabilities of 1341 in millions 2 3 in millionsthis includes both current installments of longterm debts and capital leaseobligations 3 Whole Foods appear...View the full answer
Answered By
Rinki Devi
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and helped them achieve great subject knowledge.
2+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
