Question
Home Depot: The following questions are for HOME Depot. Calculate the following for the years shown next to each item. Comment on the trends. Show
Home Depot: The following questions are for HOME Depot. Calculate the following for the years shown next to each item. Comment on the trends. Show all detailed calculations all numerators, all denominators, etc. The year 2015 is the year beginning in 2015. 1. Inventory turnover (2014 and 2015 only) 2. Gross margin percentage (2013, 2014 and 2015) 3. Days sales in receivables (2014 and 2015 only) 4. Current ratio (2013, 2014 and 2015) 5. Quick ratio (2013, 2014 and 2015) 6. Debt ratio (2013, 2014 and 2015) 7. Working capital (2013, 2014 and 2015) Compute the amount of inventory Home Depot purchased for fiscal years beginning in 2014 and 2015. Assuming all purchases were made on account, and that inventory purchases and cash payments were the only transactions run through accounts payable, how much cash did Home Depot pay for inventory purchases in fiscal years beginning in 2014
and 2015?
The fininancila statements required for this are fiscal year 2015 & 2014 10-k they are located at
http://ir.homedepot.com/financial-reports/annual-reports/recent
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