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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 II Daimler II 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-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 Il Daimler 11 Based on your computed ratio values, which company looks the least risky? O A. Sobeys B. Daimler C. Sony D. They all look fairly similar. (amounts in millions or billions) Sobeys Sony Daimler Income data Total revenues.. $ 13,653 \ 8,288 152,389 Operating income 335 194 2,075 Interest expense 37 31 915 Net income 201 129 3,231 Asset and liability data Total current assets.. $ 1,235 3,764 93,116 Long-term assets 3,004 7,338 97,391 59,997 Total current liabilities 1,250 3,214 Long-term liabilities. 694 4,226 95,910 Shareholders' equity. 2,295 3,662 34,600

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