Find return on assets and return on equity ratios for year 2017, 2018, and 2019.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Find return on assets and return on equity ratios for year 2017, 2018, and 2019.
Transcribed Image Text:Kroger
As Reported Annual Balance Sheet
Report Date
2018
Thousands
2019
2017
2016
Scale
Thousands
Thousands
Thousands
Cash & temporary cash investments
Store deposits in-transit
Receivables
399,000
1,179,000
1,706,000
7,084,000
429,000
1,181,000
1,589,000
6.846.000
166,000
592,000
10,803,000
21,635,000
347,000
1,161,000
1,637,000
6.533,000
322,000
910,000
1,649,000
6,561,000
Inventory
604,000
835,000
11,117,000
21,071,000
Assets held for sale
0.00
522,000
10,890,000
21,871,000
898,000
10,340,000
21,016,000
Prepaid & other current assets
Total current assets
Property, plant & equipment, net
Operating lease assets
Intangibles, net
Goodwill
6,814,000
1,066,000
3,076,000
1,258,000
3,087,000
1,335,000
1,100,000
2,925,000
984,000
37,197,000
1,153,000
3,031,000
965,000
36,505,000
Other assets
1,539,000
Total assets
45,256,000
38,118,000
Liabilities
1,965,000
Current portion of long-term debt including obligations under fin
Current portion of long-term debt including obligations under ca
Current portion of operating lease liabilities
Trade accounts payable
Accrued salaries & wages
3,157,000
3,560,000
2,252,000
597,000
6,349,000
1,168,000
6,059,000
1,227,000
5,858,000
1,099,000
5,818,000
1,234,000
251.000
Deferred income taxes
Liabilities held for sale
51,000
3,780,000
14,274,000
259,000
3,421,000
14,197,000
3,305,000
12,860,000
Other current liabilities
Total current liabilities
Noncurrent operating lease liabilities
Long-term debt including obligations under finance leases
Long-term debt including obligations under capital leases & fina
Deferred income taxes
4,164,000
14,243,000
6,505,000
12,111,000
12,072,000
1,562,000
494,000
1,881,000
30,283,000
12,029,000
11,825,000
1,927,000
1,524,000
1,659,000
29,795,000
1,466,000
608,000
1,568,000
792,000
Pension & postretirement benefit obligations
Other long-term liabilities
1,750,000
36,683,000
1,706,000
Total liabilities
30,292,000
1.918,000
3,161,000
(471,000)
17,007,000
14,684,000
(26,000)
6,905,000
1,918,000
3,070,000
(715,000)
15,543,000
13,118,000
12,000
6,710,000
Common shares
1.918.000
1,918,000
3,245,000
(346,000)
19,681,000
16,612,000
(51,000)
7,835,000
Additional paid-in capital
3,337,000
(640,000)
20,978,000
16.991,000
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Common shares in treasury, at cost
Noncontrolling interests
Total equity (deficit)
Additional Information
Net cash flows from operating activities
Land
(29,000)
8,573,000
4,664,000
3,299,000
12,553,000
15,031,000
10,832,000
3,166,000
966,000
45,847,000
4,164,000
3,254,000
12,245,000
14,277,000
10,306,000
3,413,000
3,201,000
12,072,000
13,635,000
9,773,000
2,050,000
1,000,000
41,731,000
20,660,000
21,071,000
4.272.000
Buildings & land improvements
Equipment
Leasehold improvements
Construction-in-progress
Leased property under capital leases & financing obligations
Total property, plant & equipment
Accumulated depreciation & amortization
Property, plant & equipment, net
As Reported Annual Income Statement
Report Date
3,197,000
11,643,000
13,495,000
9,342,000
1,979,000
932,000
40,588,000
2,716,000
1,066,000
43,864,000
22,229,000
21,635,000
23,976,000
19.572.000
21,871,000
21,016,000
2019
2018
2017
Scale
Thousands
Thousands
Thousands
122,286,000
95,294,000
26,992,000
21,208,000
884,000
2,649,000
Sales
121,162,000
94,894,000
26,268,000
20,305,000
884,000
2,465,000
2,614,000
620,000
26,000
228,000
1,782,000
3,978,000
900,000
3,078,000
32,000
3,110,000
Cost of sales
122,662,000
95,662,000
27,000,000
21,568,000
911,000
2,436,000
2,085,000
601,000
Gross Profit
Operating, general & administrative
Rent
Depreciation & amortization
Operating profit (loss)
Interest expense
Non-service component of company-sponsored pension plan c
Mark to market gain (loss) on Ocado International Holdings Limit
2,251,000
603,000
157,000
176,000
1,981,000
469,000
1,512,000
Gain on sale of businesses
Net earnings before income tax expense (benefit)
Income tax expense (benefit)
Net earnings after income tax expense (benefit)
Net earnings (loss) attributable to noncontrolling interests
Net earnings (loss) attributable to The Kroger Co.
1,484,000
(405,000)
1,889,000
147,000
1,659,000
18,000
1,907,000
Additional Information
Weighted average shares outstanding - basic
Weighted average shares outstanding - diluted
Year end shares outstanding
799,000
805,000
788,000
810,000
818,000
798,000
895,000
904,000
870,000
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education