Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

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 0.83

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

Value Based Management Context And Application

Authors: Glen Arnold, Matt Davies

1st Edition

0471899860, 978-0471899860

More Books

Students also viewed these Accounting questions

Question

What factors contribute to distortions in memory?

Answered: 1 week ago