Question
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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