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The following financial information relates The Kroger Company and Whole Foods Market Inc., for fiscal year 20X1 and 20X2. Please do a ratio analysis
The following financial information relates The Kroger Company and Whole Foods Market Inc., for fiscal year 20X1 and 20X2. Please do a ratio analysis and address the following questions from part (a) to (e). THE KROGER COMPANY Selected Financial Information (amounts in millions, except per share amounts) 20X2 20X1 Total current assets Merchandise inventory Property and equipment, net of depreciation Total assets 10,340 9,892 9,143 8,712 21,016 19,619 36,505 33,897 Total current liabilities. 12,860 12,971 Total long-term liabilities 16,935 14,128 Total liabilities 29,795 27,099 Total shareholders' equity 6,710 6,798 Revenue 115,337 109,830 Cost of goods sold 89,502 85,496 Gross profit 23,521 22,291 Operating income 3,436 3,576 Earnings from continuing operations before income tax expense 2,914 3,094 Income tax expense 957 1,045 Net earnings 1,957 2,049 Basic earnings per share $2.08 $2.09 WHOLE FOODS MARKET, INC.
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