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Financial Reporting Problem

In: Business and Management

Submitted By amorenojr2812
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What were the company’s total current assets at the end of its most recent annual reporting period? The total current assets for Kroger Company most recent annual reporting period 2014 are $29.28Bfor period ending January 30, 2014. The "Marketwatch.com” (2015) The contributions for the total current assets are cash at $401 Million cash on hand with the highest amount listed, other accounts are short-term investments, accounts receivable, financing receivables, inventories all are net totals.
The total current assets for Kroger previous annual reporting period are $24.65 Billion for period ending February 1, 2014. The increase in total current assets from year ending 2013 to the current reporting period of January 30, 2014 is $24.65 Billion. The largest swing in current assets was accounts receivable. The total decreased from $5,961 million to $4,731 million, a decrease of $1,230 million. The lowest swing was the financing receivable asset from $1,732 million to $1,712 million. This was a decrease of $20 million.
Kroger Company. lists their assets in the order of liquidity. Their balance sheet lists cash first, then short-term investments, accounts receivable, financing receivables, inventories, and other current assets. Since assets on the balance sheet are listed in the order of liquidity, Kroger has correctly listed their assets in the proper order. Kroger Company. classifies their assets in this way. Under Current Assets is listed: Cash and cash equivalent, short-term investment, accounts receivable net, financing receivable net, net inventories, other current assets. All other…...

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