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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.) Requirement 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? Begin by computing the ratios. Start by selecting the formula for the current ratio. Then, calculate the current ratios for Sobeys, Sony, and Daimler. (Enter amounts in millions or billions as provided to you in the problem statement. Round the current ratios to two decimal places.) Current ratio Sobeys Sony Daimler Next, select the formula for the debt ratio. Then, calculate the debt ratios for Sobeys, Sony, and Daimler. (Enter amounts in millions or billions as provided to you in the problem statement. Round the debt ratios to two decimal places.) Debt ratio Sobeys Sony Daimler Next , select the formula for the times-interest-earned ratio. Then, calculate the times-interest-eared ratios for Sobeys, Sony, and Daimler. (Enter amounts in millions or billions as provided to you in the problem statement. Round the times-interest-earned ratios to two decimal places.) Times-interest-earned ratio Sobeys Sony Daimler Based on your computed ratio values, which company looks the least risky? A. Sony B. Daimler C. Sobeys OD. They all look fairly similar. - X Financial statements (amounts in millions or billions) Sobeys Sony Daimler Income data Total revenues $ 13,653 8,284 152,389 2,081 Operating income 341 200 MPC Interest expense 44 38 922 + Net income 204 134 3,234 M.MP4 Asset and liability data Total current assets $ 1,635 * 4.166 93,535 MINUM 2,704 7,038 97,091 1,280 3,251 SHIM Long-term assets Total current liabilities Long-term liabilities .... Shareholders' equity 714 4,247 60,027 95,930 34,669 . 2,345 3,706 IM DHIMISH Print Done

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