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The board of directors of Kroger has voted to raise capital of $5 billion in stock over the next 5 years to help with major

The board of directors of Kroger has voted to raise capital of $5 billion in stock over the next 5 years to help with major expansions. Take the most recent financial statement to project income statement, projected retained earnings, projected balance sheet, and projected cash flow statement.

Balance Sheet

Period ending 1/31/2020

Cash and Cash Equivalents$399,000,000

Short-Term Investment$1,100,000,000

Net Receivable$1,710,000,000

Inventory$7,080,000,000

Other Current Assets$522,000,000

Total Current Assets$10,890,000,000

Cash Flows Financing Activities

Period ending 1/31/2020

Sale and Purchase of Stock($157,000,000)

Net Borrowing($1,780,000,000)

Other Financing Activities($46,000,000)

Net Cash Flows Financing($2,720,000,000)

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