Payments of obligations under finance leases

Payment of redemption premium on debt extinguishment

Payments for debt financing costs

Special dividend pald

Dividends paid on cummous stock

Dividends paid on convertible preferred stack

Proceeds from cunvertible preferred stock

Third party issuance costs on convertible preferred stnck

Employee tax withholding on vesting of phantom units

Treasury stock purchase, at cost

Employee tax withholding on vesting of restricted stock units

Other financing activities

Net cash flows from financing activities

Net increase $($decrease$)$ In cash & cash equivalents & restricted cash

Payments for property, equipment & intangibles, including payments for lease buyouts

Cash & cash equivalents & restricted cash at bepinning of perind

Cash & cash equivalents & restricted cash at end of period

Interest pald, net of amoust capitalized

Income taxes paid $($refunded$)$ Kroger Co $($The$)($NYS: KR$)$

Exchurke rate wsed is that of the Year End reported date

As Reported Annual Balance Sheet

As Reported Annual Income Statement

Report Date

Scale

$5$alest

Merchamliwe pests, inciudirg, advertising, warehousing & transportution

Operating peneral & administrative expenses

Rent experses

Depreciation & amortization expenses

$0$perating profit $($lass$)$

Interest experse

Nas$-$service componeet of eampeny$-$sponsored pension plan benefies $($cests$)$

Mark tn market pain $($luss$)$ on Otado Intermational Holdings Limited & Ocado Group ple securities

Csin $($loss$)$ on investments

Gzin an sale of businesses

Net earnings $($loss$)$ before income tax expease $($benefit$)$

Current faderal income tax expense $($benefit$)$

Deferfud federal income tax espense fhefiofit$)$

Subtocal federal itcome tax expense $($benelit$)$

Current state & local income tax expense $|$benefit$)$

Deferred state $s$ local incume tax capense $($benefit$)$

Subtocal state & local income tax erpense $($benefit$)$

Income tax expense $($benefit$)$

Net earnings $($loss$)$ including foncentrolling inturest:

Mot Incomere $($luss$)$ attributable to noncontrulling interests

Net earnings $($loss$)$ attributable to The Kroger Co$.$

Weiphted average stares outstanding $-$ basic

Weiphted average shares outstanding$-$dluted Using the Kroger and Albertson $2019-2023$ Financial statements, calculate the A$/$R Turnover, A$/$P Turnover, ROA and ROE ratios for a four$-$year period.

Then answer the following:

a$.$ Compare Kroger and Albertsons$$ A$/$P Turnover to their A$/$R Turnover. Why are they so different from each other?

b$.$ Compare Kroger and Albertsons inventory turnover? Which firm is more efficient with inventory? Is there a trend $($over time$)$ for either of both of them?

c$.$ Compare Kroger$$s capital expenditures to its depreciation. Are they comparable?

d$.$ What is the difference between ROA and ROE? What stakeholders would be most interested in ROA? And which would be most interested in ROE?

e$.$ If we were trying to compare Kroger and Albertsons and we were a supplier $($like P&G$),$ which of these ratios$/$numbers are most helpful to decide whether to supply to Kroger or Albertsons?