1. What is the Long-Term Liabilities to Current Liabilities?

2. What is the Asset Turnover?

3. What are the Return on Assets?

4. Even though net earnings increased, net equity decreased because:

a. Inventories shrank.

b. The company made major purchases of its corporate stock.

c. The company paid down its long-term debt.

d. income tax increased

THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data Assets Current assets: Cash and cash equivalents Receivables, net Merchandise inventories Other current assets Total current assets Net property and equipment Goodwill Other assets Total assets 1,778 $ 1,936 13,925 890 18,529 22,375 2,252 847 44,003 $ 3,595 1,952 12,748 638 18,933 22,075 2,275 1,246 44,529 $ Liabilities and Stockholders' Equity Current liabilities: Short-term debt Accounts payable Accrued salaries and related expenses Sales taxes payable Deferred revenue Income taxes payable Current installments of long-term debt Other accrued expenses Total current liabilities Long-term debt, excluding current installments Deferred income taxes Other long-term liabilities Total liabilities 1,339 $ 7,755 1,506 656 1,782 11 1,056 2,611 16,716 26,807 491 1,867 1,559 7,244 1,640 520 1,805 54 1,202 2,170 16,194 24,267 440 2,174 43,075 45,881 89 89 Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,782 at February 3, 2019 and 1,780 shares at January 28, 2018; outstanding: 1.105 shares at February 3, 2019 and 1,158 shares at January 28, 2018 Paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock, at cost, 677 shares at February 3, 2019 and 622 shares at January 28, 2018 Total stockholders' (deficit) equity Total liabilities and stockholders' equity 10,578 46,423 (772) 10,192 39,935 (566) (58,196) (1,878) 44,003 $ (48,196) 1,454 44,529 THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF EARNINGS $ Fiscal 2018 108,203 $ 71,043 37,160 Fiscal 2017 100,904 $ 66,548 34,356 Fiscal 2016 94,595 62,282 32,313 17,864 1,811 17,132 1,754 in millions, except per share data Net sales Cost of sales Gross profit Operating expenses: Selling, general and administrative Depreciation and amortization Impairment loss Total operating expenses Operating income Interest and other (income) expense: Interest and investment income Interest expense Other Interest and other, net Earnings before provision for income taxes Provision for income taxes Net earnings 19,513 1,870 247 21,630 15,530 19,675 14,681 18,886 13,427 (93) 1,051 (74) 1,057 (36) 972 16 983 974 14,556 3,435 11.121 $ 13,698 5,068 8,630 936 12,491 4,534 7,957 $ Basic weighted average common shares Basic earnings per share 1,137 9.78 1,178 7.33 1,229 6.47 $ $ Diluted weighted average common shares Diluted earnings per share 1,143 9.73 $ 1,184 7.29 1,234 6.45 $ Fiscal 2018 includes 53 weeks. Fiscal 2017 and fiscal 2016 include 52 weeks. See accompanying notes to consolidated financial statements