analyze Equity investor indicators

Analytical observations

2018 2017 Dividend Payout % total dividends decleared $XXX,XXX $1,500 38.41 % 64.82 % Xx.xx% net earnings $2,314 $XXX,XXX Year-End Closing Market Price of 1 Common Share The Year-End Closing Market Price of 1 share of Lowe's Common Stock is not given in Lowe's annual report. The Year-End Closing Market Price is used in the two calculations below. The last day in Lowe's 2018 fiscal year was Friday, Feb. 1, 2019. Lowe's common stock trades on the New York Stock Exchange (NYSE). On the NYSE, Lowe's year-end closing market price on Friday, Feb. 1, 2019 was $97.11. Enter that price in the box below. 2018 Year-End Closing Market Price of 1 Common Share: $97.11 $xx.xx 2018 2017 (PE Ratio) Price-Earnings Ratio year-end closing market price of 1 common share $xx.xx $97.11 34.19 times 24.82 Basic earnings per common share XX.XX $2.84 $xx.xx Dividend Yield % $xx.xx $1.85 Cash dividends per share 1.56 % 1.91 1% XX.xx% year-end closing market price 1 common share $97.11 $XX.XX Lowe's -- Fiscal 2018 Pg. 13 Analytical Observations You will now utilize the information developed in Pages 2 to 12 to answer various analytical questions. 1. Vertical Analysis of the Income Statement (Pg. 2) 1> Which fiscal year had the highest Pre-Tax Earnings in terms of total dollars? ["x" only one answer ] 2018 x 2017 2016 2> Which fiscal year had the highest Operating Income as a % of Net Sales? ["x" only one answer ] 2018 x 2017 2016 3> Based on Gross Margin as a % of Net Sales, rank the fiscal years 2018, 2017, and 2016 in terms of which year had the highest Place a "1" in the box of the highest year, a "2" in the box of the second highest year, etc. 2018 2017 2016 3 2 1 4> Which fiscal year had the highest Net Earnings as a % of Net Sales? ["x" only one answer ] 2018 x 2017 2016 2. Horizontal Analysis of the Income Statement (Pg. 3) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2016 to Fiscal 2017. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Selling, General and Net Sales Gross Margin Administrative 2 3 4 Net Earnings 2> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Selling, General and Administrative Net Sales Cost of Sales Gross Margin ["x" only one answer ] 2018 x 2017 2016 3> Based on Gross Margin as a % of Net Sales, rank the fiscal years 2018, 2017, and 2016 in terms of which year had the highest. Place a "1" in the box of the highest year, a "2" in the box of the second highest year, etc. 2018 2017 2016 3 2 1 4> Which fiscal year had the highest Net Earnings as a % of Net Sales? ["x" only one answer ] 2018 x 2017 2016 2. Horizontal Analysis of the Income Statement (Pg. 3) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2016 to Fiscal 2017. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Selling, General and Net Sales Gross Margin Administrative 2 3 4 Net Earnings 1 2> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Net Sales 3 Cost of Sales 2 Gross Margin 4 Selling, General and Administrative 1 3> True or False? In terms of % Change, Basic Earnings Per Share grew more than Net Earnings from Fiscal 2016 to Fiscal 2017. ["x" only one answer ] X True False 4> True or False? In terms of % Change, from Fiscal 2017 to Fiscal 2018 Selling, General and Administrative increased more than Net Sales. ["x" only one answer ] X True False 5> True or False? In terms of % Change, Cost of Sales had a smaller increase than Net Sales from Fiscal 2017 to Fiscal 2018. [ "x" only one answer ] True x I False 3. Vertical Analysis of the Balance Sheet (Pg.4) 1> For fiscal year 2018, rank the following assets in terms of which was the largest as a % of Total Assets. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Cash and Cash Equivalents Merchandise Inventory - net Property, Less Accum. Depr. 3 2 1 Goodwill 4 2> For fiscal year 2018, rank the following items in terms of which was the largest as a % of Total Liabilities and Shareholders' Equity. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Long-Term Debt, Accounts Payable Excluding Current Maturities Common Stock 2 4 Retained Earnings 3 4. Horizontal Analysis of the Balance Sheet (Pg. 5) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Total Current Liabilities Merchandise Inventory - Net 3 Total Current Assets 2 Total Liabilities 4 2> Rank the following items in terms of which had the largest Dollar increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Merchandise Inventory - Net Total Current Liabilities Total Current Assets 2 Total Liabilities 3 5. DuPont Analysis -- Return on Assets Ratio (Pg. 6) 1> Which of the following increased from Fiscal 2017 to Fiscal 2018? ["x" each item that increased] Profitability x Efficiency x Leverage 2> Which fiscal year has the highest Return on Assets %? 3. Vertical Analysis of the Balance Sheet (Pg.4) 1> For fiscal year 2018, rank the following assets in terms of which was the largest as a % of Total Assets. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Cash and Cash Equivalents Merchandise Inventory - net Property, Less Accum. Depr. 3 2 1 Goodwill 4 2> For fiscal year 2018, rank the following items in terms of which was the largest as a % of Total Liabilities and Shareholders' Equity. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Long-Term Debt, Accounts Payable Excluding Current Maturities Common Stock 2 4 Retained Earnings 3 4. Horizontal Analysis of the Balance Sheet (Pg. 5) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Total Current Liabilities Merchandise Inventory - Net 3 Total Current Assets 2 Total Liabilities 4 2> Rank the following items in terms of which had the largest Dollar increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Merchandise Inventory - Net Total Current Liabilities Total Current Assets 2 Total Liabilities 3 5. DuPont Analysis -- Return on Assets Ratio (Pg. 6) 1> Which of the following increased from Fiscal 2017 to Fiscal 2018? ["x" each item that increased] Profitability x Efficiency x Leverage 2> Which fiscal year has the highest Return on Assets %? 4. Horizontal Analysis of the Balance Sheet (Pg. 5) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Merchandise Inventory - Net 3 Total Current Assets 2 Total Current Liabilities 1 Total Liabilities 4 2> Rank the following items in terms of which had the largest Dollar increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Total Current Assets Total Current Liabilities Merchandise Inventory - Net 4 Total Liabilities 3 5. DuPont Analysis -- Return on Assets Ratio (Pg. 6) 1> Which of the following increased from Fiscal 2017 to Fiscal 2018? ["x" each item that increased] Profitability x Efficiency x Leverage 2> Which fiscal year has the highest Return on Assets %? ["x" only one answer ] 2018 x 2017 3> Which fiscal year has the highest Return on Equity%? ["x" only one answer ] 2018 x 2017 6. Profitability Indicators (Pg. 7) 1> Which fiscal year, 2018 or 2017, had higher profitability based on all three Profitability Indicators? ["x" only one answer ] 2018 4. Horizontal Analysis of the Balance Sheet (Pg. 5) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Merchandise Inventory - Net 3 Total Current Assets 2 Total Current Liabilities 1 Total Liabilities 4 2> Rank the following items in terms of which had the largest Dollar increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Total Current Assets Total Current Liabilities Merchandise Inventory - Net 4 Total Liabilities 3 5. DuPont Analysis -- Return on Assets Ratio (Pg. 6) 1> Which of the following increased from Fiscal 2017 to Fiscal 2018? ["x" each item that increased] Profitability x Efficiency x Leverage 2> Which fiscal year has the highest Return on Assets %? ["x" only one answer ] 2018 x 2017 3> Which fiscal year has the highest Return on Equity%? ["x" only one answer ] 2018 x 2017 6. Profitability Indicators (Pg. 7) 1> Which fiscal year, 2018 or 2017, had higher profitability based on all three Profitability Indicators? ["x" only one answer ] 2018 Lowe's -- Fiscal 2018 Pg. 15 Analytical Observations 7. Efficiency Indicators (Pg.8) 1> Based on the Inventory Turnover Ratio, in which fiscal year, 2018 or 2017, did Lowe's more efficiently manage the Inventory asset? ["x" only one answer ] 2018 x 2017 2> Based on Number of Days' Sales in Inventory, in which fiscal year, 2018 or 2017, did Lowe's have an item in inventory for the shortest amount of time? ["x" only one answer ] 2018 x 2017 3> Based on the Number of Days' Purchases in Accounts Payable, in which fiscal year, 2018 or 2017, did Lowe's hold on to its cash longer before paying the cash to vendors? [ "x" only one answer ] x 2018 2017 4> Which fiscal year, 2018 or 2017, had the better Cash-to-Cash Cycle? ["x" only one answer ] 2018 x 2017 5> In which fiscal year, 2018 or 2017, did Lowe's have the better Fixed Asset Turnover Ratio? ["x" only one answer ] x 2018 2017 8. Leverage Indicators (at year-end) -- Interest Coverage (Pg. 9) 1> Based on the Debt %, who had the greatest claim to Lowe's assets in Fiscal 2018? ["x" only one answer ] x Creditors Shareholders 2> True or False? In Fiscal 2018 more than half of Lowe's Total Assets were financed with debt? ["x" only one answer ] X True False 3> Based on the Times Interest Earned Ratio, were the creditors' interest payments more secure in Fiscal 2018 or Fiscal 2017? ["x" only one answer ] 2018 x 2017 3> Based on the Number of Days' Purchases in Accounts Payable, in which fiscal year, 2018 or 2017, did Lowe's hold on to its cash longer before paying the cash to vendors? ["x" only one answer ] x 2018 2017 4> Which fiscal year, 2018 or 2017, had the better Cash-to-Cash Cycle? ["x" only one answer ] 2018 x 2017 5> In which fiscal year, 2018 or 2017, did Lowe's have the better Fixed Asset Turnover Ratio? ["x" only one answer ] x 2018 2017 8. Leverage Indicators (at year-end) -- Interest Coverage (Pg. 9) 1> Based on the Debt %, who had the greatest claim to Lowe's assets in Fiscal 2018? ["x" only one answer ] X Creditors Shareholders 2> True or False? In Fiscal 2018 more than half of Lowe's Total Assets were financed with debt? ["x" only one answer ] X True False 3> Based on the Times Interest Earned Ratio, were the creditors' interest payments more secure in Fiscal 2018 or Fiscal 2017? ["x" only one answer ] 2018 x 2017 9. Liquidity Indicators (Pg. 10) 1> Based on all three of the Liquidity Indicators did Liquidity increase or decrease from Fiscal 2017 to Fiscal 2018? [ "x" only one answer ] Liquidity Increased X Liquidity Decreased Lowe's -- Fiscal 2018 Pg. 16 Analytical Observations 10. Statement of Cash Flows Indicators (Pg. 11) 1> True or False? By looking at the Cash Flow to Capital Expenditure Ratio it can be seen that Lowe's was able to internally fund the purchases of Fixed Assets in Fiscal 2018 and in Fiscal 2017. ["x" only one answer ] x True False 2> In which fiscal year, 2018 or 2017, did Lowe's have more Free Cash Flow? ["x" only one answer ] 2018 x 2017 11. Equity Investor Indicators (Pg. 12) 1> True or False? Based on the Dividend Payout % it can be seen that Lowe's paid out a larger percent of Net Income, in the form of Cash Dividends, in Fiscal 2018 than in Fiscal 2017. ["x" only one answer ] X True False 2> Based on the Price-Earnings Ratio, in which fiscal year, 2018 or 2017, did investors place a higher value on Lowe's earnings? ["x" only one answer ] x 2018 2017 3> Based on the Dividend Yield %, in which fiscal year, 2018 or 2017, did an investor in Lowe's Common Stock earn a higher return from the cash dividends she received on her Lowe's Common Stock? ["x" only one answer ] x.2018 2017 2018 2017 Dividend Payout % total dividends decleared $XXX,XXX $1,500 38.41 % 64.82 % Xx.xx% net earnings $2,314 $XXX,XXX Year-End Closing Market Price of 1 Common Share The Year-End Closing Market Price of 1 share of Lowe's Common Stock is not given in Lowe's annual report. The Year-End Closing Market Price is used in the two calculations below. The last day in Lowe's 2018 fiscal year was Friday, Feb. 1, 2019. Lowe's common stock trades on the New York Stock Exchange (NYSE). On the NYSE, Lowe's year-end closing market price on Friday, Feb. 1, 2019 was $97.11. Enter that price in the box below. 2018 Year-End Closing Market Price of 1 Common Share: $97.11 $xx.xx 2018 2017 (PE Ratio) Price-Earnings Ratio year-end closing market price of 1 common share $xx.xx $97.11 34.19 times 24.82 Basic earnings per common share XX.XX $2.84 $xx.xx Dividend Yield % $xx.xx $1.85 Cash dividends per share 1.56 % 1.91 1% XX.xx% year-end closing market price 1 common share $97.11 $XX.XX Lowe's -- Fiscal 2018 Pg. 13 Analytical Observations You will now utilize the information developed in Pages 2 to 12 to answer various analytical questions. 1. Vertical Analysis of the Income Statement (Pg. 2) 1> Which fiscal year had the highest Pre-Tax Earnings in terms of total dollars? ["x" only one answer ] 2018 x 2017 2016 2> Which fiscal year had the highest Operating Income as a % of Net Sales? ["x" only one answer ] 2018 x 2017 2016 3> Based on Gross Margin as a % of Net Sales, rank the fiscal years 2018, 2017, and 2016 in terms of which year had the highest Place a "1" in the box of the highest year, a "2" in the box of the second highest year, etc. 2018 2017 2016 3 2 1 4> Which fiscal year had the highest Net Earnings as a % of Net Sales? ["x" only one answer ] 2018 x 2017 2016 2. Horizontal Analysis of the Income Statement (Pg. 3) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2016 to Fiscal 2017. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Selling, General and Net Sales Gross Margin Administrative 2 3 4 Net Earnings 2> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Selling, General and Administrative Net Sales Cost of Sales Gross Margin ["x" only one answer ] 2018 x 2017 2016 3> Based on Gross Margin as a % of Net Sales, rank the fiscal years 2018, 2017, and 2016 in terms of which year had the highest. Place a "1" in the box of the highest year, a "2" in the box of the second highest year, etc. 2018 2017 2016 3 2 1 4> Which fiscal year had the highest Net Earnings as a % of Net Sales? ["x" only one answer ] 2018 x 2017 2016 2. Horizontal Analysis of the Income Statement (Pg. 3) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2016 to Fiscal 2017. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Selling, General and Net Sales Gross Margin Administrative 2 3 4 Net Earnings 1 2> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Net Sales 3 Cost of Sales 2 Gross Margin 4 Selling, General and Administrative 1 3> True or False? In terms of % Change, Basic Earnings Per Share grew more than Net Earnings from Fiscal 2016 to Fiscal 2017. ["x" only one answer ] X True False 4> True or False? In terms of % Change, from Fiscal 2017 to Fiscal 2018 Selling, General and Administrative increased more than Net Sales. ["x" only one answer ] X True False 5> True or False? In terms of % Change, Cost of Sales had a smaller increase than Net Sales from Fiscal 2017 to Fiscal 2018. [ "x" only one answer ] True x I False 3. Vertical Analysis of the Balance Sheet (Pg.4) 1> For fiscal year 2018, rank the following assets in terms of which was the largest as a % of Total Assets. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Cash and Cash Equivalents Merchandise Inventory - net Property, Less Accum. Depr. 3 2 1 Goodwill 4 2> For fiscal year 2018, rank the following items in terms of which was the largest as a % of Total Liabilities and Shareholders' Equity. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Long-Term Debt, Accounts Payable Excluding Current Maturities Common Stock 2 4 Retained Earnings 3 4. Horizontal Analysis of the Balance Sheet (Pg. 5) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Total Current Liabilities Merchandise Inventory - Net 3 Total Current Assets 2 Total Liabilities 4 2> Rank the following items in terms of which had the largest Dollar increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Merchandise Inventory - Net Total Current Liabilities Total Current Assets 2 Total Liabilities 3 5. DuPont Analysis -- Return on Assets Ratio (Pg. 6) 1> Which of the following increased from Fiscal 2017 to Fiscal 2018? ["x" each item that increased] Profitability x Efficiency x Leverage 2> Which fiscal year has the highest Return on Assets %? 3. Vertical Analysis of the Balance Sheet (Pg.4) 1> For fiscal year 2018, rank the following assets in terms of which was the largest as a % of Total Assets. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Cash and Cash Equivalents Merchandise Inventory - net Property, Less Accum. Depr. 3 2 1 Goodwill 4 2> For fiscal year 2018, rank the following items in terms of which was the largest as a % of Total Liabilities and Shareholders' Equity. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Long-Term Debt, Accounts Payable Excluding Current Maturities Common Stock 2 4 Retained Earnings 3 4. Horizontal Analysis of the Balance Sheet (Pg. 5) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Total Current Liabilities Merchandise Inventory - Net 3 Total Current Assets 2 Total Liabilities 4 2> Rank the following items in terms of which had the largest Dollar increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Merchandise Inventory - Net Total Current Liabilities Total Current Assets 2 Total Liabilities 3 5. DuPont Analysis -- Return on Assets Ratio (Pg. 6) 1> Which of the following increased from Fiscal 2017 to Fiscal 2018? ["x" each item that increased] Profitability x Efficiency x Leverage 2> Which fiscal year has the highest Return on Assets %? 4. Horizontal Analysis of the Balance Sheet (Pg. 5) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Merchandise Inventory - Net 3 Total Current Assets 2 Total Current Liabilities 1 Total Liabilities 4 2> Rank the following items in terms of which had the largest Dollar increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Total Current Assets Total Current Liabilities Merchandise Inventory - Net 4 Total Liabilities 3 5. DuPont Analysis -- Return on Assets Ratio (Pg. 6) 1> Which of the following increased from Fiscal 2017 to Fiscal 2018? ["x" each item that increased] Profitability x Efficiency x Leverage 2> Which fiscal year has the highest Return on Assets %? ["x" only one answer ] 2018 x 2017 3> Which fiscal year has the highest Return on Equity%? ["x" only one answer ] 2018 x 2017 6. Profitability Indicators (Pg. 7) 1> Which fiscal year, 2018 or 2017, had higher profitability based on all three Profitability Indicators? ["x" only one answer ] 2018 4. Horizontal Analysis of the Balance Sheet (Pg. 5) 1> Rank the following items in terms of which had the largest % increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Merchandise Inventory - Net 3 Total Current Assets 2 Total Current Liabilities 1 Total Liabilities 4 2> Rank the following items in terms of which had the largest Dollar increase from Fiscal 2017 to Fiscal 2018. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Total Current Assets Total Current Liabilities Merchandise Inventory - Net 4 Total Liabilities 3 5. DuPont Analysis -- Return on Assets Ratio (Pg. 6) 1> Which of the following increased from Fiscal 2017 to Fiscal 2018? ["x" each item that increased] Profitability x Efficiency x Leverage 2> Which fiscal year has the highest Return on Assets %? ["x" only one answer ] 2018 x 2017 3> Which fiscal year has the highest Return on Equity%? ["x" only one answer ] 2018 x 2017 6. Profitability Indicators (Pg. 7) 1> Which fiscal year, 2018 or 2017, had higher profitability based on all three Profitability Indicators? ["x" only one answer ] 2018 Lowe's -- Fiscal 2018 Pg. 15 Analytical Observations 7. Efficiency Indicators (Pg.8) 1> Based on the Inventory Turnover Ratio, in which fiscal year, 2018 or 2017, did Lowe's more efficiently manage the Inventory asset? ["x" only one answer ] 2018 x 2017 2> Based on Number of Days' Sales in Inventory, in which fiscal year, 2018 or 2017, did Lowe's have an item in inventory for the shortest amount of time? ["x" only one answer ] 2018 x 2017 3> Based on the Number of Days' Purchases in Accounts Payable, in which fiscal year, 2018 or 2017, did Lowe's hold on to its cash longer before paying the cash to vendors? [ "x" only one answer ] x 2018 2017 4> Which fiscal year, 2018 or 2017, had the better Cash-to-Cash Cycle? ["x" only one answer ] 2018 x 2017 5> In which fiscal year, 2018 or 2017, did Lowe's have the better Fixed Asset Turnover Ratio? ["x" only one answer ] x 2018 2017 8. Leverage Indicators (at year-end) -- Interest Coverage (Pg. 9) 1> Based on the Debt %, who had the greatest claim to Lowe's assets in Fiscal 2018? ["x" only one answer ] x Creditors Shareholders 2> True or False? In Fiscal 2018 more than half of Lowe's Total Assets were financed with debt? ["x" only one answer ] X True False 3> Based on the Times Interest Earned Ratio, were the creditors' interest payments more secure in Fiscal 2018 or Fiscal 2017? ["x" only one answer ] 2018 x 2017 3> Based on the Number of Days' Purchases in Accounts Payable, in which fiscal year, 2018 or 2017, did Lowe's hold on to its cash longer before paying the cash to vendors? ["x" only one answer ] x 2018 2017 4> Which fiscal year, 2018 or 2017, had the better Cash-to-Cash Cycle? ["x" only one answer ] 2018 x 2017 5> In which fiscal year, 2018 or 2017, did Lowe's have the better Fixed Asset Turnover Ratio? ["x" only one answer ] x 2018 2017 8. Leverage Indicators (at year-end) -- Interest Coverage (Pg. 9) 1> Based on the Debt %, who had the greatest claim to Lowe's assets in Fiscal 2018? ["x" only one answer ] X Creditors Shareholders 2> True or False? In Fiscal 2018 more than half of Lowe's Total Assets were financed with debt? ["x" only one answer ] X True False 3> Based on the Times Interest Earned Ratio, were the creditors' interest payments more secure in Fiscal 2018 or Fiscal 2017? ["x" only one answer ] 2018 x 2017 9. Liquidity Indicators (Pg. 10) 1> Based on all three of the Liquidity Indicators did Liquidity increase or decrease from Fiscal 2017 to Fiscal 2018? [ "x" only one answer ] Liquidity Increased X Liquidity Decreased Lowe's -- Fiscal 2018 Pg. 16 Analytical Observations 10. Statement of Cash Flows Indicators (Pg. 11) 1> True or False? By looking at the Cash Flow to Capital Expenditure Ratio it can be seen that Lowe's was able to internally fund the purchases of Fixed Assets in Fiscal 2018 and in Fiscal 2017. ["x" only one answer ] x True False 2> In which fiscal year, 2018 or 2017, did Lowe's have more Free Cash Flow? ["x" only one answer ] 2018 x 2017 11. Equity Investor Indicators (Pg. 12) 1> True or False? Based on the Dividend Payout % it can be seen that Lowe's paid out a larger percent of Net Income, in the form of Cash Dividends, in Fiscal 2018 than in Fiscal 2017. ["x" only one answer ] X True False 2> Based on the Price-Earnings Ratio, in which fiscal year, 2018 or 2017, did investors place a higher value on Lowe's earnings? ["x" only one answer ] x 2018 2017 3> Based on the Dividend Yield %, in which fiscal year, 2018 or 2017, did an investor in Lowe's Common Stock earn a higher return from the cash dividends she received on her Lowe's Common Stock? ["x" only one answer ] x.2018 2017