Financial statements (amounts in millions or billions) Sobeys Sony Daimler Income data Total revenues. $ 12,953 ¥ 7,557 €151,689 Operating income. 337 196 2,077 Interest expense. 44 38 922 Net income...


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Financial statements<br>(amounts in millions or billions)<br>Sobeys<br>Sony<br>Daimler<br>Income data<br>Total revenues.<br>$ 12,953<br>¥ 7,557 €151,689<br>Operating income.<br>337<br>196<br>2,077<br>Interest expense.<br>44<br>38<br>922<br>Net income<br>206<br>131<br>3,236<br>Asset and liability data<br>Total current assets.<br>$ 2,035<br>¥ 4,558<br>€93,903<br>Long-term assets<br>3,304<br>7,638<br>97,691<br>Total current liabilities<br>1,210<br>3,187<br>59,957<br>Long-term liabilities..<br>734<br>4,258<br>95,950<br>Shareholders' equity .<br>3,395<br>4,751<br>35,687<br>Print<br>Done<br>

Extracted text: Financial statements (amounts in millions or billions) Sobeys Sony Daimler Income data Total revenues. $ 12,953 ¥ 7,557 €151,689 Operating income. 337 196 2,077 Interest expense. 44 38 922 Net income 206 131 3,236 Asset and liability data Total current assets. $ 2,035 ¥ 4,558 €93,903 Long-term assets 3,304 7,638 97,691 Total current liabilities 1,210 3,187 59,957 Long-term liabilities.. 734 4,258 95,950 Shareholders' equity . 3,395 4,751 35,687 Print Done
Companies that operate in different industries may have very different financial ratio values. These differences may grow even wider when we compare companies located in different countries.<br>E (Click the icon to view the financial statements.)<br>Requirement<br>Compare three leading companies on their current ratio, debt ratio, and times-interest-earned ratio. Compute three ratios for Sobeys (the Canadian grocery chain), Sony (the Japanese electronics manufacturer), and Daimler (the German auto company). Based on your computed ratio values, which company looks the least<br>risky?<br>Begin by computing the ratios. Start by selecting the formula for the current ratio. Then, calculate the current ratios for Sobeys, Sony, and Daimler. (Enter amounts in millions or billions as provided to you in the problem statement. Round the current ratios to two decimal places.)<br>Current ratio<br>Sobeys<br>Sony<br>Daimler<br>Next, select the formula for the debt ratio. Then, calculate the debt ratios for Sobeys, Sony, and Daimler. (Enter amounts in millions or billions as provided to you in the problem statement. Round the debt ratios to two decimal places.)<br>Debt ratio<br>%3D<br>Sobeys<br>Sony<br>Daimler<br>Next, select the formula for the times-interest-earned ratio. Then, calculate the times-interest-earned ratios for Sobeys, Sony, and Daimler. (Enter amounts in millions or billions as provided to you in the problem statement. Round the times-interest-earned ratios to two decimal places.)<br>Times-interest-earned ratio<br>Sobeys<br>Sony<br>Daimler<br>Based on your computed ratio values, which company looks the least risky?<br>O A. Sobeys<br>O B. Daimler<br>OC. Sony<br>O D. They all look fairly similar.<br>

Extracted text: Companies that operate in different industries may have very different financial ratio values. These differences may grow even wider when we compare companies located in different countries. E (Click the icon to view the financial statements.) Requirement Compare three leading companies on their current ratio, debt ratio, and times-interest-earned ratio. Compute three ratios for Sobeys (the Canadian grocery chain), Sony (the Japanese electronics manufacturer), and Daimler (the German auto company). Based on your computed ratio values, which company looks the least risky? Begin by computing the ratios. Start by selecting the formula for the current ratio. Then, calculate the current ratios for Sobeys, Sony, and Daimler. (Enter amounts in millions or billions as provided to you in the problem statement. Round the current ratios to two decimal places.) Current ratio Sobeys Sony Daimler Next, select the formula for the debt ratio. Then, calculate the debt ratios for Sobeys, Sony, and Daimler. (Enter amounts in millions or billions as provided to you in the problem statement. Round the debt ratios to two decimal places.) Debt ratio %3D Sobeys Sony Daimler Next, select the formula for the times-interest-earned ratio. Then, calculate the times-interest-earned ratios for Sobeys, Sony, and Daimler. (Enter amounts in millions or billions as provided to you in the problem statement. Round the times-interest-earned ratios to two decimal places.) Times-interest-earned ratio Sobeys Sony Daimler Based on your computed ratio values, which company looks the least risky? O A. Sobeys O B. Daimler OC. Sony O D. They all look fairly similar.
Jun 10, 2022
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