1. Publix Super Markets, Inc., commonly known as Publix, is an American supermarket chain head-quartered in Lakeland, Florida. Founded in 1930 by George W. Jenkins, Publix is wholly owned by present and past employees and members of the Jenkins family. It is the largest employee-owned company in the United States and is one of only a handful of grocery chains in the United States with over 1,000 stores (1,269 total); Florida (829), Georgia (194), Alabama (81), South Carolina (64), Tennessee (50), North Carolina (49), and Virginia (19). Publix employs about 227,000 people.

Evaluate Publixs performance using the following ratio analysis from 2016 through 2020. You need to analyze the trend (is the Company improving or getting worse?) for Publix in its various ratios from 2016 through 2020. You also need to consider Publixs performance from 2016 through 2020 com-pared to the Super Market Industry Average (is the trend in Publixs performance getting better or worse than the Industry Average with respect to its various ratios from 2016 through 2020?).

2016 2017 2018 2019 2020 1.37 1.37 1.42 1.37 1.38 0.68 0.74 0.70 0.73 0.66 14.35 13.20 14.37 14.36 14.32 28 25 25 25 25 7 7 7 7 7 Publix Super Markets, Inc. Ratios: Current ratio = current assets/current liabilities Quick ratio = (cash + receivables current liabilities Inventory turnover = X = cost of goods sold/inventory Days inventory on hand = [(inventory cost of goods sold)*365] Receivables collection period = [(receivables/sales)*365] Payables pay period - [(payables/cost of goods sold)*365] Debt to assets = total interest-bearing debt total assets Debt to capital = long-term debti(long-term debt + equity) Profit margin = net incomel net sales Asset turnover = net sales/total assets Return on assets = net income total assets Overall leverage ratio = total assets/equity Return on equity = net incomelequity 23 21 22 23 24 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 5.5% 2.517 5.6% 5.3% 2.623 14.0% 5.7% 5.7% 2.135 2.335 13.2% 2.239 12.8% = 13.9% 12.1% 1.92 1.82 1.74 1.79 23.8% 1.71 22.3% 23.1% 26.0% 20.9% 2016 2017 2018 2020 2019 1.13 1.25 1.20 1.26 1.19 0.49 0.53 0.43 0.47 0.53 17.82 24 18.63 19.24 18.40 18.48 23 23 23 23 3 4 4 4 4 Super Market Industry (six companies) Ratios: Current ratio = current assets/current liabilities Quick ratio = (cash + receivables current liabilities Inventory turnover = X = cost of goods soldlinventory Days inventory on hand = [(inventory cost of goods sold)*365] Receivables collection period = [(receivables/sales)*365] Payables pay period = [(payables/cost of goods sold)365] Debt to assets = total interest-bearing debt total assets Debt to capital = long-term debt(long-term debt + equity) Profit margin = net incomel net sales Asset turnover = net sales/total assets Return on assets = net income total assets Overall leverage ratio = total assets/equity Return on equity = net incomelequity 21 21 21 21 0.20 0.20 0.18 21 0.18 0.28 0.18 0.32 0.32 0.29 0.28 2.6% 3.1% 22% 2.4% 3.1% 2.869 2.732 2.951 2.773 2.856 6.7% 6.7% 8.4% 8.4% 6.8% 2.69 2.77 2.83 2.81 2.77 16.6% 21.5% 19.7% 16.9% 16.8% 2016 2017 2018 2019 2020 1.37 1.37 1.42 1.37 1.38 0.68 0.74 0.70 0.73 0.66 14.35 13.20 14.37 14.36 14.32 28 25 25 25 25 7 7 7 7 7 Publix Super Markets, Inc. Ratios: Current ratio = current assets/current liabilities Quick ratio = (cash + receivables current liabilities Inventory turnover = X = cost of goods sold/inventory Days inventory on hand = [(inventory cost of goods sold)*365] Receivables collection period = [(receivables/sales)*365] Payables pay period - [(payables/cost of goods sold)*365] Debt to assets = total interest-bearing debt total assets Debt to capital = long-term debti(long-term debt + equity) Profit margin = net incomel net sales Asset turnover = net sales/total assets Return on assets = net income total assets Overall leverage ratio = total assets/equity Return on equity = net incomelequity 23 21 22 23 24 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 5.5% 2.517 5.6% 5.3% 2.623 14.0% 5.7% 5.7% 2.135 2.335 13.2% 2.239 12.8% = 13.9% 12.1% 1.92 1.82 1.74 1.79 23.8% 1.71 22.3% 23.1% 26.0% 20.9% 2016 2017 2018 2020 2019 1.13 1.25 1.20 1.26 1.19 0.49 0.53 0.43 0.47 0.53 17.82 24 18.63 19.24 18.40 18.48 23 23 23 23 3 4 4 4 4 Super Market Industry (six companies) Ratios: Current ratio = current assets/current liabilities Quick ratio = (cash + receivables current liabilities Inventory turnover = X = cost of goods soldlinventory Days inventory on hand = [(inventory cost of goods sold)*365] Receivables collection period = [(receivables/sales)*365] Payables pay period = [(payables/cost of goods sold)365] Debt to assets = total interest-bearing debt total assets Debt to capital = long-term debt(long-term debt + equity) Profit margin = net incomel net sales Asset turnover = net sales/total assets Return on assets = net income total assets Overall leverage ratio = total assets/equity Return on equity = net incomelequity 21 21 21 21 0.20 0.20 0.18 21 0.18 0.28 0.18 0.32 0.32 0.29 0.28 2.6% 3.1% 22% 2.4% 3.1% 2.869 2.732 2.951 2.773 2.856 6.7% 6.7% 8.4% 8.4% 6.8% 2.69 2.77 2.83 2.81 2.77 16.6% 21.5% 19.7% 16.9% 16.8%