a. (2 points) Please compute Home Depot's accounts receivable turnover ratio for fiscal year 2019 (note: you may make the assumption that all of Home Depot's sales are credit sales for the purpose of this calculation). b. (2 points) Based on your answer to part (a), please compute the average number of days Home Depot's accounts receivable were outstanding during FY 2019 (note: assume that there are 360 days in a fiscal year for the purpose of this calculation). c. (2 points) Please compute Home Depot's inventory turnover ratio for fiscal year 2019. d. (2 points) Based on your answer to part (c), please compute the average number of days Home Depot held its inventory before selling it during FY 2019 (note: assume that there are 360 days in a fiscal year for the purpose of this calculation). THE HOME DEPOT, INC. CONSOLIDATED INCOME STATEMENT Note: All amounts are in MILLIONS of dollars. Results for Fiscal Year Ended 3-Feb-19 28-Jan-18 A Net sales Cost of sales 108,203 $ 71,043 $ 100,904 66,548 Operating expenses: Selling, general, and administrative expenses Depreciation and amortization Other operating expenses and losses 19,513 1,870 247 $ $ $ 17,864 1,811 O Operating income (loss) 15,530 $ 14,681 6 (74) Interest and other expenses (income): Interest and investment income Interest expense Other expenses (income), net 0 (93) $ 1,051 $ 16 $ 1,057 0 Income before income taxes Income tax expense 14,556 3,435 $ $ 13,698 5,068 0 Net income 11,121 $ 8,630 THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEET Note: All amounts are in MILLIONS of dollars. 3-Feb-19 28-Jan-18 Assets Current assets: Cash and cash equivalents Receivables, net Inventories Other current assets 1,936 13,925 $ $ 1,952 12,748 Total current assets 18,529 Property and equipment, net Goodwill Other noncurrent assets 2,252 HAHA 22,075 2,275 Total assets Liabilities Current liabilities: Short-term debt Accounts payable Accrued salaries and related expenses Sales taxes payable Deferred revenues Income taxes payable Current portion of long-term debt Other accrued expenses 1,339 7,755 1,506 656 1,782 11. 1,056 $ $ $ $ $ $ $ 1,559 7,244 1,640 520 1,805 54 1,202 Total current liabilities $ 24,267 Long-term debt, excluding current installments Deferred income taxes Other long-term liabilities 26,807 $ 491 $ Total liabilities Total Stockholders' Equity