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The following information relates to Fresh Grocer Corporated, and Best Grocer Incorporated for their 2019 and 2018 fiscal years. Best Grocer Incorporated Selected Financial Information
The following information relates to Fresh Grocer Corporated, and Best Grocer Incorporated for their 2019 and 2018 fiscal years. Best Grocer Incorporated Selected Financial Information (amounts in millions except per share data) Total current assets December 31,2019 December 31,2018 Merchandise inventory $2,000 $2,083 Property and equipment, net of depreciation 1,791 436 Total assets 3,414 2,557 Total current liabilities 5,890 5,834 Total long-term liabilities 1,414 1,146 Total liabilities Total stockholders' equity sales Cost of goods sold Gross profit Operating income Earnings from continuing operations before income taxes Income tax expense Net earnings Basic earnings per share 7582,1723,71815,86610,2925,5741,0511,02441361151.656031,7494,08513,6068,7304,876930842361481$1.48 Required Compute the following ratios for the companies' 2019 fiscal years (year ending in December 2019 for Fresh Grocer and Best Grocer): Note: Use 365 days in a year. Do not round intermediate calculations. Round "Current ratio" to 2 decimal places and "Average days" to nearest whole number. Round all other answers to 1 decimal place
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