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.

Requirement : Compare three leading companies on their current ratio, debt ratio, and time-interest-earned ratio. Compute three ratios for Sobey ( the canadian grocery chain), Sony (the Japanese electronics company). Based on your computed ratio values, which company looks the least risky?

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? Financial statements (amounts in millions or billions) Sobeys Sony Daimler $ 13,653 8,281 152,389 2,075 335 194 37 31 915 201 125 3,231 Income data 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 $ 1,935 3,004 1,280 4,456 7,338 3,252 4,240 4,302 93,844 97,391 60,027 95,920 35,288 704 2,955 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 1 = 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 1 Daimler 1 Next, select the formula for the times-interest-earned ratio. Then, calculate the times-interest-earned 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 1 Daimler / Based on your computed ratio values, which company looks the least risky? O A. Daimler OB. Sony O C. Sobeys OD. They all look fairly similar