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The Kroger Company is one of the world's largest supermarket chains. These selected Items were adapted from Kroger's balance sheet as of February 3,
The Kroger Company is one of the world's largest supermarket chains. These selected Items were adapted from Kroger's balance sheet as of February 3, 2018. (Dollar amounts are in millions.) Cash (including temporary cash investments and deposit-in-transit) Receivables Merchandise inventories Other current assets Property, plant and equipment (net of depreciation) Retained earnings Total current liabilities $ 1,508 1,637 6,533 790 21,071 178,007 14,197 Required: a. Using this information, compute the amounts of Kroger's total current assets and total quick assets. (Enter your answers in millions, not in whole dollars.) b-1. Compute the company's current ratio. b-2 Compute the company's quick ratio. b-3. Compute the company's working capital. (Negative amount should be indicated by a minus sign. Round ratios to 2 decimal places.) a. Total current assets Total quick assets b-1. Current ratio b-2. Quick ratio b-3. Working capital million million to 1 to 1 million
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