Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Compare last four ratios: Net Profit Margin, Inventory Turnover, Current Ratio, and Debt-to-assets. 1. Did these ratios increase or decrease? 2. Has financial performance improved
Compare last four ratios: Net Profit Margin, Inventory Turnover, Current Ratio, and Debt-to-assets.
1. Did these ratios increase or decrease?
2. Has financial performance improved or worsened?
Answer questions using the screenshot provided and use complete sentences please
Lowe's Companie's, Inc Comparitive Analysis of Financial Ratios January 31, 2014 and February 2, 2018 (Dollars in Millions) Sales Cost of Goods Sold Net income 1/31/2014 $ 53,417 $34,941 $2,286 2/2/2018 $68,619 $ 23,409 S3,447 Beginning inventory Ending inventory $ 8,600 $ 9,127 $ 10,458 $11,393 Current assets Total assets Current liabilities Total liabilities $ 10,296 S 32,732 $8,876 $ 20,879 12,772 $35,291 $12,096 $ 29,418 Ratios: Net profit margin Inventory turnover Current Ratio Debt-to-assets 4.3% 3.9 1.16 0.64 5.0% 2.1 1.06 0.83Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started