Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Annual Report of Lowes Companies, Inc.. in your Textbook, Appendix B, B1-B15. Current Ratio in Fiscal Years 2019 and 2018 Debt Ratio in Fiscal Year

Annual Report of Lowes Companies, Inc.. in your Textbook, Appendix B, B1-B15.

Current Ratio in Fiscal Years 2019 and 2018

Debt Ratio in Fiscal Year 2019

Inventory Days or Days to Sell in Fiscal Year 2019

Given the information below, kindly answer the problem. Thank you

image text in transcribedimage text in transcribedimage text in transcribed

image text in transcribedKindly help me with the attached photo please. Thank you.

APPENDIX B Ewcerit from the Fiseal 2019 10.K Anual Report of Lowe's Companier, Inc. LOWE'S COMPANIES. INIC. CONSOLIDATED STATEMENTS OF EARNINGS (In millions, except per share and percentage data) LOWE'S COMPANIES. INC. CONSOLIDATED STATEMENIS OF COMPREHENSIVE INCOME See accompanying noths to consolidated fancial watements. APPEN DIX B Liotepls foum the Fiseal 2019 10-K Annual Report of Lowe's Companies, Inc. LOWE'S COMPANIES, INC. CONSOLDDATED STATEMENTS OF SHAREHOLDERS' EOUITY B6 APPEN DIX B Excerpts from the Fixcal 2019 10-K Annual Report of Lowe's Companies, Ine. LOWE'S COMPANIES, INC. CONSOUDATED BALANCE SHEETS (In miltions, except par value) Week 7.1 Quiz Financial statement Analysis 13 Match the following and seleft the correctanswerfom the arom aown listi Refer to Lowe s Companies ing. Annual Repoit in your Textbaok Appendix - 84 B1s) to answer the following ratios: - CurrentRatioin fiscal Years 2019 and 2018 - Debt Ratio in Fiscal Year 2019 - Inventory Days or Days to Sell in Fiscal Year 2019 Assess the ability of the company to use its resources in order to generate income. Measures the ability of the company to pay its shortterm debts Debt Ratio in Fiscal 2019 express as percentage Inventory Days or Days to Sell in Fiscal Year 2019 Average number of days for the company to pay its obligation Current Ratio in Fiscal Year 2019 Average number of days for the company to sell its inventory Evaluates the combination of debt and/or equity used by the company to fund its operations and finance its assets (Capital Structure) Current Ratio in Fiscal Year 2018 Average number of days for the company to collect after a sale has been made

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What is the amount of cash that should be received by the seller?

Answered: 1 week ago