ACC 300 FSA Project
Ratio Analysis of The Kroger Co. and Whole Foods Market, Inc.
TEAM
Jake Eriksen (002)
Brycen Goldstein (002)
16
Ross Wright (001)
Nicolas Kim
Omar Harb
(001)
(002)
Kroger
The Kroger Co. (referred to as Kroger) is a large grocery chain audited by PricewaterhouseCoopers LLP.
Kroger ended its FY 2012 on February 2, 2013, FY 2013 on February 1,
2014, and FY 2014 on January 31, 2015 (Saturday nearest January 31).
From page 39, we are told that 95% of inventories in 2014 and 2013 were counted using a LIFO costing method, stating the lower of cost or market. However, Kroger’s fuel inventory levels are determined using the FIFO cost method. The company uses the
Link-Chain, Dollar-Value…show more content… There is no convertible debt
Dilutive effect of stock options is
7. There is no convertible debt
Face value of long-term debt + current portion of long-term debt including obligations under capital leases and financing obligations The revenue value is from
Kroger’s balance sheet item
“Sales”
Net income value used is “Net earnings attributable to The
Kroger Co.” Dividends paid is taken from pg. 25
Used “Merchandise costs, including advertising, warehousing, and transportation, excluding items shown separately below.” We convert the inventory levels to LIFO to compare.
Whole Foods
RATIO
Current Ratio
Return on
Assets
Return on
Equity
Return on
Sales
EPS
Diluted EPS
Average Day’s
Sales
Debt to Equity
EQUATION
RESULT
1,756
1,257
= 1.397
(5,744+5,538)/2
579
ℎℎ ′
ℎℎ
ℎ ℎ ℎℎ
ℎ ℎ
+
/365
(3,813+3,878)/2
579
571.7
Total Asset
Turnover
Dividend
Payout
Inventory
Turnover
367.8
579
370.5
= 1.574
(188+198)/2
(14,194)/365
(5,744+5,538)/2
170
579
= 4.963
= 0.160
14,194
9,150
Whole Foods has no preferred stock “Dilutive potential common shares include outstanding stock options and unvested
