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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. E: (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 - X Financial statements Sobeys = Sony / = Daimler (amounts in millions or billions) 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 a Income data Debt ratio $ 13,253 \ 7,884 Sobeys 332 191 151,989 2,072 917 Sony 1 39 33 Daimler 200 129 3,230 Next, select the formula for the times-interest-earned ratio. Then, calculate the times-interest-earned ratios for Sobeys, Sony, and Daimler. (Entera times-interest-earned ratios to two decimal places.) Total revenues. Operating income Interest expense. Net income.. Asset and liability data Total current assets. . ........ Long-term assets Total current liabilities Long-term liabilities. Shareholders' equity ............... $ 1,335 3,872 93,217 = Times-interest-earned ratio 2,604 6,938 96,991 Sobeys / 1,250 3,210 59,997 Sony = 754 4,281 95,970 Daimler 1 = 1,935 3,319 34,241 Based on your computed ratio values, which company looks the least risky? Based on your computed ratio values, which company looks the least risky? O A. Daimler B. Sony O C. Sobeys OD. They all look fairly similar

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