Dollar Values
	Year 2	Year 1
Balance Sheet Accounts	11/3/2023	10/28/2022
Asset Accounts
Current Assests
Cash and cash equivalents	$ 1,210,000,000	$ 3,192,000,000
Short-term investments	$ 321,000,000	$ 464,000,000
Merchandise inventory net	$ 17,530,000,000	$ 19,817,000,000
Other current assets	$ 907,000,000	$ 1,518,000,000
Total current assests	$ 19,968,000,000	$ 24,991,000,000
Property, less accumulated depreciation	$ 17,527,000,000	$ 17,275,000,000
Operating lease right-of-use assets	$ 3,647,000,000	$ 3,512,000,000
Long-term investments	$ 238,000,000	$ 63,000,000
Deferred income taxes net	$ 280,000,000	$ 301,000,000
Other assets	$ 859,000,000	831,000,000
Total assests	$ 42,519,000,000	$ 46,973,000,000.00
Liabilities, Debt, and Equity Accounts
Current Liabilities
Short-term borrowings	$ -	$ -
Current maturities of long-term debt	$ 544,000,000	$ 609,000,000
Current operating lease liabilities	$ 533,000,000	$ 651,000,000
Accounts payable	$ 9,914,000,000	$ 12,249,000,000
Accrued compensation and employee benefits	$ 750,000,000	$ 1,405,000,000
Deferred revenue	$ 1,499,000,000	$ 1,736,000,000
Income taxes payable	$ 121,000,000	913,000,000
Other current liabilities	$ 3,135,000,000	3,313,000,000
Total current liabilities	$ 16,496,000,000	$ 20,876,000,000
Long-term debt, excluding current maturities	$ 35,374,000,000	$ 32,904,000,000
Noncurrent operating lease liabilities	$ 3,602,000,000	$ 4,048,000,000
Deferred revenue Lowe's protection plans	$ 1,228,000,000	$ 1,184,000,000
Other liabilities	$ 966,000,000	$ 829,000,000
Total Liabilities	$ 57,666,000,000	$ 59,841,000,000

	Year 2	Year 1
Income Statement Line Items	11/3/2023	10/28/2022
Current Earnings
Net sales	$ 20,471,000,000	$ 23,479,000,000
Cost of sales	$ 13,580,000,000	$ 15,661,000,000
Gross Margin	$ 6,891,000,000	$ 7,818,000,000
Expenses:
Selling, general and administrative	$ 3,761,000,000	$ 6,443,000,000
Depreciation and amortization	$ 434,000,000	451,000,000
Operating Income	$ 2,696,000,000	$ 924,000,000
Interest net	$ (345,000,000)	$ (295,000,000)
Pre-tax earnings	$ 2,351,000,000	$ 629,000,000
Income tax provision	$ 578,000,000	475,000,000
Net earnings	$ 1,773,000,000	$ 154,000,000

From the given data please answer following

	Year 2	Year 1
CFO / Revenue =
CFO / Operating Income =
CFO / Total Assets =
CFO / Total Equity =
CFO / Total Debt =

In general terms, what do these ratios & ratios like these tell you?

In general, would you like these ratios to be higher or lower? Why?

Compute these ratios for Years 1 & 2 in the columns above:

Trend Analysis: In general terms, did the ratios generally get better or worse?

Industry Analysis: Why would it be valuable to evaluate how a firms CFO ratios (such as the ones above) compare with the industry averages for the ratios

What are some risks or concerns if these ratios are TOO LOW?

What are some actions that could INCREASE these ratios?

What are some risks or concerns if these ratios are TOO HIGH?

What are some actions that could DECREASE these ratios?

Why would these ratios be commonly considered as key ratios at your organization, and in organizations in general?

What actions and/or decisions (if any) in your operational area/unit could influence these ratios?