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The Kroger Company is one of the world's largest supermarket chains. These selected items were adapted from Kroger's balance sheet as of February 3, 2018. (Dollar amounts are in millions.) Cash (including temporary cash investments and deposit-in-transit). $1,508 Receivables 1,637 Merchandise inventories 6,533 Other current assets 790 Property, plant and equipment (net of depreciation) 21,071 Retained earnings 178,007 Total current liabilities 14,197 Required:
Problem a. Using this information, compute the amounts of Kroger's total current assets and total quick assets. (Enter your answers in millions, not in whole dollars.)
Problem b-1. Compute the company's current ratio.
Problem b-2. Compute the company's quick ratio.
Problem b-3. Compute the company's working capital.
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