118-SS'08A-FINAL EXAM-KROGER-KEY - Econ 118-SS08(A)-FINAL...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Econ 118-SS08(A)-FINAL EXAM KEY - p1 Econ 118Financial Statement AnalysisSS08(A) Final Exam 100 points ANSWER KEY All questions (except # 5) are based on the annual report of The Kroger Co. Kroger is a major nationwide chain of food and other retail stores. The questions that follow are based on selected pages from Krogers 2007 (fiscal year ended February 2, 2008) annual report, which are attached. Use year-end numbers where a formula calls for an average. The U.S. federal statutory tax rate was 35% for all periods. Show all your work. Clearly label all answers. Watch your pluses and minuses! Hint: Dont look too hard: there are no special items, minority interests, nor preferred dividends or equity. Question 1 Return on assets (25 points) Compute return on assets for 2007 and 2006. Disaggregate ROA into its two components. ROA NI + (1 - t) Int exp ROA = __________________________________ Year-end (vs average) total assets 2007 ROA = 1,181 + (1 - .35) 474 1,181 + (1 - ....
View Full Document

This note was uploaded on 09/10/2008 for the course ECON 118 taught by Professor Loster during the Summer '07 term at UCSB.

Page1 / 3

118-SS'08A-FINAL EXAM-KROGER-KEY - Econ 118-SS08(A)-FINAL...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online