Use the data provided in the attached excel spreadsheet

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Reference no: EM131018306

2012 FINANCIAL DATA FOR SELECTED GROCERS

Data are in $Millions

         

INCOME STATEMENT

Whole Foods

Safeway

Publix

Kroger

Sales

11698

44207

27707

96751

Cost of Goods sold

7543

32487

19911

76858

     Gross profit

4155

11720

7796

19893

Direct store expenses

2983

   

2280

General & administration expenses

372

10616

5631

14849

Pre-opening expenses

47

     

Relocation/termination/lease termination

10

     

     Operating Income

743

1104

2165

2764

Interest Expense/Income

0.354

304

88

462

Investment and other income

9

28

49

 

     Income before taxes

752

828

2302

2302

Provision for taxes

286

262

750

794

     Net income

466

566

1552

1508

         
         

BALANCE SHEET

       

Current Assets:

       

Cash and cash equivalents

89

352

337

1193

Short-term investments

1131

 

797

 

Restricted cash

103

     

Accounts receivable

197

909

519

1051

Merchandise inventories

374

2562

1409

5146

Prepaid expenses and other current assets

77

345

29

569

Deferred income taxes

132

 

58

 

     Total current assets

2103

4168

3149

7959

Property and equipment, net

2193

9225

4691

14875

Long-term investments

221

192

4236

 

Goodwill

663

472

 

1234

Intangible assets, net

62

     

Deferred income taxes

43

     

Other assets

9

601

203

584

     Total Assets

5294

14658

12279

24652

         

Current liabilities:

       

Current installments of capital leases

1

36

 

2734

Accounts payable

247

3125

1307

4524

Accrued payroll

307

461

109

977

Deferred taxes

 

46

 

284

Dividends payable

26

     

Other current liabilities

396

938

804

2538

     Total current liabilities

977

4606

2220

11057

Long-term capital leases

23

412

 

6145

Long-term Debt

 

4832

153

1145

Deferred Taxes

 

179

327

800

Deferred retirement benefits

 

915

330

1291

Deferred lease liabilities

441

     

Other long-term liabilities

51

782

118

 

     Total liabilities

1492

11726

3148

20438

Retained earnings

1233

7610

6641

 

     Total shareholder's equity

3802

2932

9131

4214

    Total liabilities and shareholder's equity

5294

14658

12279

24652

Question: Use the data provided in the attached Excel spreadsheet to conduct a thorough financial analysis. You must use common-sized statements and ratios and your analysis must be both longitudinal and cross-sectional. Additionally, you should give compound annual growth rates for key categories (such as revenue, but you must decide which others will contribute to your understanding of the company). Use tables to display your results, but include a narrative to explain what your tables reveal.

Reference no: EM131018306

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