Answered step by step
Verified Expert Solution
Question
1 Approved Answer
FINANCIAL RATIOS Use the information gathered from Home Depot Inc's Financials on the previous pages to calculate the following ratios for Home Depot Inc. Do
FINANCIAL RATIOS Use the information gathered from Home Depot Inc's Financials on the previous pages to calculate the following ratios for Home Depot Inc. Do not try to look these up on the website. Instead, you must make the calculation yourself. Inventory Turnover (Cost of Goods Sold / Average Inventory) Average Inventory Inventory) / 2 = (Beginning Inventory + Ending Gross profit % (as of 7/30/2023) (Gross Profit / Revenues) *100% Debt Ratio (Total Liabilities / Total Asset) Current Ratio (Current Asset / Current Liabilities) Compare Home Depot Inc to its close competitor Lowe's Companies Inc. Now open the income statement and balance sheet for Lowe's Companies Inc: Income Statement - Consolidated Statements of Earnings: Page 1 on Q1 & Q2 reports. Consolidated Balance Sheets: Page 2 on Q1 & Q2 reports. Look up the following income statement information: Total Quarter Revenues (8/4/2023) *Use the 3 months ended value Total Quarter Revenues (5/5/2023) Quarter Gross Profit (8/4/2023) *Gross Profit = Net Sales - Cost of Sales 
FINANCIALRATIOS Use the information gathered from Home Depot Inc's Financials on the previous pages to calculate the following ratios for Home Depot Inc. Do not try to look these up on the website. Instead, you must make the calculation yourself. Inventory Turnover (Cost of Goods Sold / Average Inventory) Average Inventory = (Beginning Inventory + Ending Inventory) /2 Gross profit \% (as of 7/30/2023) (Gross Profit / Revenues) * 100% Debt Ratio (Total Liabilities / Total Asset) Current Ratio (Current Asset / Current Liabilities) Compare Home Depot Inc to its close competitor Lowe's Companies Inc. Now open the income statement and balance sheet for Lowe's Companies Inc: Income Statement - Consolidated Statements of Earnings: Page 1 on Q1 \& Q2 reports. Consolidated Balance Sheets: Page 2 on Q1 \& Q2 reports. Look up the following income statement information: Total Quarter Revenues (8/4/2023) *Use the 3 months ended value Total Quarter Revenues (5/5/2023) Quarter Gross Profit (8/4/2023) Gross Profit = Net Sales - Cost of Sales
FINANCIAL RATIOS Use the information gathered from Home Depot Inc's Financials on the previous pages to calculate the following ratios for Home Depot Inc. Do not try to look these up on the website. Instead, you must make the calculation yourself. Inventory Turnover (Cost of Goods Sold / Average Inventory) Average Inventory Inventory) / 2 = (Beginning Inventory + Ending Gross profit % (as of 7/30/2023) (Gross Profit / Revenues) *100% Debt Ratio (Total Liabilities / Total Asset) Current Ratio (Current Asset / Current Liabilities) Compare Home Depot Inc to its close competitor Lowe's Companies Inc. Now open the income statement and balance sheet for Lowe's Companies Inc: Income Statement - Consolidated Statements of Earnings: Page 1 on Q1 & Q2 reports. Consolidated Balance Sheets: Page 2 on Q1 & Q2 reports. Look up the following income statement information: Total Quarter Revenues (8/4/2023) *Use the 3 months ended value Total Quarter Revenues (5/5/2023) Quarter Gross Profit (8/4/2023) *Gross Profit = Net Sales - Cost of Sales
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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