Locat report (10-K) and answer the following questions: e the balance sheet of a

Question

Locat report (10-K) and answer the following questions: e the balance sheet of a publicly-traded corporation online in its annual 1. What were the total current assets this year and last year for the company you chose? 2. What were the total current liabilities this year and last year for the 3. Calculate the Current Ratio for this year and last year for the company you 4. Analyze your company's current ratio (is it good/bad; how does it compare 5. Include a link to the URL from which you located the company's annual company you chose? chose. to the prior year, etc.) report.

Explanation / Answer

Current assets for the year 2017 is 2,145 million

Current assets for the years 2016 is 1,975 million

Current liabilities for the year 2017 is 1,335 million

Current liabilities for the year 2016 is 1,341 million

Current ratio = Current Assets / Current Liabilities

            2017     =    2,145 / 1335 =      1.606

            2016     =    1,975 / 1341   =     1.472  

Analysis

Current ratio provides information about the company ability to generate cash to pay off all its debts. As the company’s current ratio is increasing, which indicate company’s increased its current assets at its disposal to pay off its obligations. The current ratio of 1.606 shows the healthy financial condition of the organization in short term. And company have a healthy liquidity level compare with the industry.

Note: It’s against the rules to provide any kind of link here

   For the financial statement of “Whole Foods Market, Inc.” Please check page 14 of website

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

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