Home Depot Inc.
Common-Size Balance Sheets	Dollar amounts in Millions
	Feb. 03, 2019	Jan. 28, 2018
Current assets:
Cash and cash equivalents	$ 1,778	$ 3,595
Receivables, net	1,936	1,952
Merchandise inventories	13,925	12,748
Other current assets	890	638
Total current assets	18,529	18,933
Net property and equipment	22,375	22,075
Goodwill	2,252	2,275
Other assets	847	1,246
Total assets	44,003	44,529
Current Liabilities:
Short-term debt	1,339	1,559
Accounts payable	7,755	7,244
Accrued salaries and related expenses	1,506	1,640
Sales taxes payable	656	520
Deferred revenue	1,782	1,805
Income taxes payable	11	54
Current installments of long-term debt	1,056	1,202
Other accrued expenses	2,611	2,170
Total current liabilities	16,716	16,194
Long-term debt, excluding current installments	26,807	24,267
Deferred income taxes	491	440
Other long-term liabilities	1,867	2,174
Total liabilities	45,881	43,075
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,782 at February 3, 2019 and 1,780 shares at January 28, 2018; outstanding: 1,105 shares at February 3, 2019 and 1,158 shares at January 28, 2018	89	89
Paid-in capital	10,578	10,192
Retained earnings	46,423	39,935
Accumulated other comprehensive loss	(772)	(566)
Treasury stock, at cost, 677 shares at February 3, 2019 and 622 shares at January 28, 2018	(58,196)	(48,196)
Total stockholders (deficit) equity	(1,878)	1,454
Total liabilities and stockholders equity	$ 44,003	$ 44,529

a. Identify the current operating liabilities (only include liabilities that will impact operating expenses) for each company and the applicable common-size percentage for each operating liability in the current year using your common-size balance sheet from part 2 of the financial analysis case. Explain why you picked these as the current operating liabilities. Operating liabilities are discussed in Module 4, but relates to module 7 with the continuation of the discussion on liabilities.

b. Identify the largest current operating liability for each company and explain why this current operating liability is so large compared to the other current operating liabilities.

c. What current liabilities did you not include in your analysis of current operating liabilities? Make sure you list out each of the current liabilities that were not included in a. Explain why you did not include them.