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Companies that operate in different industries may have very different financial ratio values. These differences may grow even wider when we compare companies located in

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Companies that operate in different industries may have very different financial ratio values. These differences may grow even wider when we compare companies located in different countries. (Click the icon to view the financial statements.) Compare the 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) . Then calculate the current ratios for Sobeys, Sony, and Daimler. Enter amounts in millions or billions as provided to you in the problem Begin by computing the ratios. Start by selecting the form for the current statement. Round the current ratios to two decimal places.) . Current ratio Sobeys Sony Next, select the formula for the debt ratioThen calculate the debt is for Sobeys, Sony, and Daimler (Enter amounts in millions or decimal places.) Debt ratio Sobeys Sony Next, select the formula for the times interesteamed ratio. Then calculate the times interest owner Round the times interest-earned ratios to two decimal places.) s for Sobeys, Sony, and Damer Enter amounts in millions or billions provided to you in the problem statement Times interesteamed ratio Sobeys Sony Daimler Based on your computer , which company looks the least ? Financial statements (amounts in millions or billions) Sobeys Sony Daimler Income data Total revenues ................. Operating income ............... Interest expense ................ Net income ... $13,353 341 37 205 \7,964 200 31 135 152,089 2 ,081 915 3,235 Asset and liability data Total current assets ......... ... Long-term assets ............... ... Total current liabilities ............ Long-term liabilities . . . . . . . . . ... Shareholders' equity ............. ... $1,635 2,604 2,0 1,240 704 2,295 2,295 W 4,165 6,938 3,214 4 ,230 3,659 93,522 96,991 59,987 95,920 34,606 Print Done Based on your computed ratio values, which company looks the least risky? O A. Daimler O B. Sobeys O C. Sony O D. They all look fairly similar

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