Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

could you find these leverage ratios for Lowes and Home Depot? I'll provide the Balance sheets and Income Statements below. ventory 15 Home Depot Lowe's

image text in transcribed

could you find these leverage ratios for Lowes and Home Depot? I'll provide the Balance sheets and Income Statements below.

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

ventory 15 Home Depot Lowe's 16 Leverage Ratios 17 Long-term debt ratio 18 Long-term debt-equity ratio 19 Total debt ratio 20 Times interest earned 21 Lowes Income Statement All numbers in millions Period ending 2/1/2019 2/2/2018 Net sales 71,309 68,619 Cost of sales (48,401) (45,210) 6 Gross margin 22,908 (17,413) (1,477) (18,890) 23,409 Selling, general and administrative Depreciation and amortization 7 (15,376) (1,447) (16,823) 6,586 (638) (11) 8 9 Expenses Operating income Interest expense, net of amount capitalized Amortization of original issue discount and loan costs 10 4,018 (642) 11 (10) 12 28 16 13 Interest income (633) (464) (624) Interest, net 14 Loss on extinguishment of debt Pre-tax earnings Income tax provision Net earnings 15 5,489 3,394 16 (2.042) (1,080) 17 3,447 2,314 18 19 20 21 22 Home Depot SS Loives BS Home Depot IS Lowe's IS Ratios Ready Type here to search Home Depot Income Statement 2 Numbers in millions 3 Period Ending 4 Net sales 5 Cost of sales 6 Gross profit 7 Selling, general and administrative 8 Depreciation and amortization 9 Impairment loss 10 Operating expenses 11 Operating income 12 Interest and investment income 2/3/2019 1/28/2018 100,904 -66,548 108,203 -71,043 37,160 34,356 -17,864 -19513 -1,870 -1,811 -247 19,675 21,630 14,681 15,530 74 93 -1,051 -1057 13 Interest expense -16 14 Other -983 -974 15 Interest and other income (expense), net 13,698 14,556 16 Earnings before provision for income taxes 5,068 -3,435 17 Provision for income taxes 8,630 11,121 18 Net earnings 19 20 21 Home Dep AutoSave ile Home Insert Page Layout Formulas Data Review X Calibri A A 16 Wrap aste BIU -A Merge EE Clipboard Font Alignment fr 1 Lowe's Balance Sheet A Lowe's Balance Sheet 2 All numbers in millions 3 Period Ending 4 Current Assets 2/1/2019 2/2/2018 588 511 5 Cash and cash equivalents 6 Short-term investments 7 Merchandise inventory, net 8 Accounts receivable 102 218 11,393 12,561 9 Deferred income taxes, net 689 938 10 Other current assets 12,772 14,228 11 Total Current assets 19,721 12 Property, less accumulated depreciation 13 Long-term investments 14 Deferred income taxes, net 18,432 408 256 168 294 1,307 303 15 Goodwill 915 995 35,291 16 Other assets 34,508 17 Total Assets 18 19 Liabilities and Shareholder's Equity 722 1.137 20 Current Liabilities 21 Short-term borrowings 22 Current maturities of long-term debt 294 1.110 Home Dep Lowes BS Home Depot S Ratios Lowes Read O Type here to search C 3 Accounts payable 4 Accrued compensation and employee benefits 5 Deferred revenue 6,590 8,279 662 747 1,299 1,378 26 Accrued dividends 27 Self-insurance liabilities 385 340 347 378 28 Sales return reserve 194 71 29 Accrued interest 184 184 30 Sales tax liabilities 179 144 31 Accrued property taxes 32 Other 108 109 997 755 33 Other current liabilities 2,425 1,950 34 Total Current liabilities 14,497 12,096 35 Long-term debt, excluding current maturities 36 Deferred revenue, extended protection plans 37 Other liabilities 14,391 15,564 827 803 1,149 955 38 Noncurrent liabilities 16,367 17.322 39 Total liabilities 30,864 29,418 40 Preferred stock, $5 par value, none issued 41 Common stock, $.50 par value 0 401 415 42 Capital in excess of par value 43 Retained earnings 44 Accumulated other comprehensive income (loss) 22 3,452 5,425 -209 11 A5 Shaeoboldorc! nouit C 972 Home Depot IS Ratios Lowe's IS Lowes BS Home Depc Ready O Type here to search 40 Preferred stock, $5 par value, none issued 0 0 41 Common stock, $.50 par value 42 Capital in excess of par value 43 Retained earnings 415 401 0 22 5,425 3,452 11 44 Accumulated other comprehensive income (loss) -209 5,873 3,644 45 Shareholders' equity 35,291 34,508 46 Total liabilities and shareholders' equity 47 A0 Home Depot Lowes BS Home Depot IS Ratios Lowe's IS Ready OType here to search 656 22 Deferred Revenue 23 Income Tax Payable 24 Current Installments of long term debt 25 other Accrued Expenses 26 Total Current Liabilities 27 Long Term debt, excluding Current Installments 28 Deferrred Income Taxes 520 1,805 1,782 11 54 1,056 1,202 2,611 2,170 16,194 16,716 26,807 24,267 491 440 29 Other Long term liabilities 1,867 2,174 30 Total Liabilites 45,881 43,675 31 Stockholder's Equity 32 Common Stock 33 Paid In Capital 34 Retained Earnings 89 89 10,192 10,578 39,935 46,423 566 -772 35 Accumalated other comprehensive loss 48,196 -58,196 36 Treasury Stock 37 Total Stockholder's (defecit) Equity 1,454 -1,878 44,529 44,00 38 Total Liabilites and Stockholder's Equity 39 Home Depot Lowes BS AO. Home Depot IS Lowe's IS Ratios Ready

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

The Preppers Financial Guide

Authors: Jim Cobb

1st Edition

1612434037, 978-1612434032

More Books

Students also viewed these Finance questions

Question

What is the objective of maintenance and reliability?

Answered: 1 week ago