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. BE (Click the icon to view the financial statements.) Required 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? (Challenge) 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-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 Daimler Based on your computed ratio values, which company looks the least risky? O A. Sobeys O B. Daimler OC. Sony O D . They all look fairly similar (amounts in millions or billions) Sobeys Sony Daimler Income data Total revenues.................... ........... Operating income ................. ...... Interest expense............................. Net income ...................... Asset and liability data $13,253 3 339 359 37 197 7,864 1 98 190 31 122 151,989 2,079 915 3,227 Total current assets Long-term assets Total current liabilities dones ..... $ 1,735 3,004 1,300 694 2,745 4,265 7,338 3,275 4.227 4.101 93,595 97,391 60,047 95,910 35,029 Long-term liabilities................ Shareholders' equity............... Compare three leading companies on their current ratio, debt ratio, and times-interest-earned ratio. Compute three ratios for Sobe risky? (Challenge) Begin by computing the ratios. Start by selecting the formula for the current ratio. Then calculate the current ratios for Sobeys, So J = Current ratio Sobeys Sony Interest expense Long-term liabilities Daimler Operating income Next, select the formula for th Shareholders' equity the debt ratios for Sobeys, Sony, and Daimler. (Enter amounts in millie Total assets Debt ratio Total current assets Sobeys Total current liabilities Sony Total liabilities Total revenues Daimler Standard Autoparts Inc. issued $160,000 of 2%, 10-year bonds at a price of 84 on January 31, 2017. The market interest rate at the date of issuance was 5%, and the standard bonds pay interest semi-annually. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Standard's issuance of the bonds on January 31, 2017, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2017. Explanations are not required. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.) Standard Autoparts Amortization Table Interest Payment (1% of Maturity Value) Interest Expense (2.5% of Preceding Bond Carrying Amount) Bond Discount Amortization (B-A) Bond Discount Account Balance (Preceding D-C) Bond Carrying Amount ($160,000 -D) Semi-annual Interest Date Jan 31, 2017 July 31, 2017 Jan 31, 2018 L July 31, 2018 C C C C L