Question
Hi, I am requesting your help. This is for the Introduction to Business course. I want to get your opinions about Home Depot's 3 ratios
Hi,
I am requesting your help. This is for the Introduction to Business course. I want to get your opinions about Home Depot's 3 ratios for Current, Quick, Cash.
Any insights & thoughts from your analysis of these ratios including trends for example; Is the company performing better or worse relative to the previous year?
Here a Home Depot's Ratios:
Three ratios:
Current Ratio:
2/3/2019 = 1.11
01/28/2018 = 1.17
Quick Radio:
2/3/2019 = 0.22
01/28/2018 = 0.34
Cash Ratio:
2/3/2019 = 0.11
01/28/2018 = 0.22
As for 2019 Calculations:
Current ratio = Current assets / Current liabilities
= 18,529 / 16,716 = 1.11
Quick ratio = Total quick assets / Current liabilities
= 3,714 / 16,716 = 0.22
Cash ratio = Total cash assets / Current liabilities
= 1,778 / 16,716 = 0.11
As for 2018 Calculations:
Current ratio = Current assets / Current liabilities
= 18,933 / 16,194 = 1.17
Quick ratio = Total quick assets / Current liabilities
= 5,547 / 16,194 = 0.34
Cash ratio = Total cash assets / Current liabilities
=3,595 / 16,194 = 0.22
Thank you,
Michelle
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