The following end-of-the-year balance sheets (in millions) were adapted from recent financial statements of The Kroger Co.

1. Prepare common-sized balance sheets for Kroger for Years 2 and 1. Round to one decimal place.
2. Comment on your answer in(1).

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Year 2 Year 1 Current assets: Cash $ 974 949 5,114 288 1,491 845 4,966 319 S 7,621 Inventories. Prepaid and other assets assets... .$7,325 Fixed assets: $14,147 1,140 597 $15,884 23,505 $14,464 Other assets.. Total fixed assets Total assets Current liabilities: 549 16,151 $23,476 . 4,329 1,056 ..1,315 .2,405 4,227 Salais and wages payable Debt due within one year Other liabilities 588 2,367 8,070 Total current liabilities... Long-term liabilities: Debt and other financing obligations.... . 6,850 S 7,304 2,833 $10,137 $18,207 Total long-term liabilities.. Total liabilities. $10,405 19,510 Stockholders' Equity Capital stock Retained earnings Other equity items . 4,386 .1,127 3,966 .$23476 4,353 7,675 (6,730) S 5,298 $23,505 Total stockholders' equity Total liabilities and stockholders' equity