Kroger Co.’s 2007 financial statements contained the following data (in millions).
|
Current assets |
$ 6,755 |
Accounts receivable |
$ 773 |
|
Total assets |
21,215 |
Interest expense |
488 |
|
Current liabilities |
7,581 |
Income tax expense |
633 |
|
Total liabilities |
16,292 |
Net income |
1,115 |
|
Cash |
189 |
Instructions
Compute these values:
(a) Working capital.
(b) Current ratio.