Refer to the financial statements of The Home Depot in Appendix A and Lowes in Appendix B (Note Fiscal 2106 for The Home Depot runs from February 1, 2016, to January 29, 2017 Fiscal 2016 for Lowes runs from January 30, 2016, to February 3, 2017 See S1 1 for further explanation ) Required Use the companies fiscal 2016 balance sheets to determine the amounts in the accounting equation (A L SE) Is Lowes or The Home Depot larger in terms of total assets Does Lowes have more or less current liabilities than The Home Depot at the end of fiscal 2016 Which company has a larger current ratio On its fiscal 2016 year end balance sheet, Lowes reports inventory of $10,458,000,000 Does this amount represent the expected selling price Why or why not Has financing for Lowes investment in assets primarily come from liabilities or stockholders equity at the end of fiscal 2016 For each company, calculate the percentage of total assets financed by total liabilities Thinking back to Chapter 1, does this imply Lowes investors are taking on more, or less, risk than those investing in The Home Depot

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Refer to the financial statements of The Home Depot in Appendix A and Lowes in Appendix B. (Note: Fiscal 2106 for The Home Depot runs

Refer to the financial statements of The Home Depot in Appendix A and Lowes in Appendix B. (Note: Fiscal 2106 for The Home Depot runs from February 1, 2016, to January 29, 2017. Fiscal 2016 for Lowes runs from January 30, 2016, to February 3, 2017. See S1-1 for further explanation.)

Required:

Use the companies fiscal 2016 balance sheets to determine the amounts in the accounting equation (A = L + SE). Is Lowes or The Home Depot larger in terms of total assets?
Does Lowes have more or less current liabilities than The Home Depot at the end of fiscal 2016? Which company has a larger current ratio?
On its fiscal 2016 year-end balance sheet, Lowes reports inventory of $10,458,000,000. Does this amount represent the expected selling price? Why or why not?
Has financing for Lowes investment in assets primarily come from liabilities or stockholders equity at the end of fiscal 2016? For each company, calculate the percentage of total assets financed by total liabilities. Thinking back to Chapter 1, does this imply Lowes investors are taking on more, or less, risk than those investing in The Home Depot?