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Question 4 1 pts Below is select data from The Kroger Company headquartered in Cincinnati Ohio. Compute the company's acid-test ratio for Year 2. Year
Question 4 1 pts Below is select data from The Kroger Company headquartered in Cincinnati Ohio. Compute the company's acid-test ratio for Year 2. Year 2 Year 1 Cash $41,000 36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 117,000 121,000 12,300 Prepaid expenses 13,500 Plant assets 388,000 392,000 Accounts payable 112,500 113,400 711,000 Net sales 710,000 Cost of goods sold 400,000 396,000 O 0.337. O 6.506. 01.909. O 3.085. O 2.976. Question 5 1 pts Below is select data from the Kroger Company headquartered in Cincinnati Ohio. Compute the company's return on total assets for Year 2. Year 2 Year 1 Net sales $478,500 $426,250 Cost of goods sold 276,300 250,120 Interest expense 9,700 10,700 Net income before tax 67,250 52,680 Net income after tax 46,050 39,900 Total assets 317,100 288,000 Total liabilities 181,400 167,300 Total equity 135,700 120,700 O 14.5%. O 9.6%. 22.2%. O 15.2%. O 2.6%
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