S2-1 (Static) Finding and Analyzing Financial Information [LO 2-1, LO 24, LO 2-5] Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019, to February 2, 2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019" even though it ends in the 2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. What were the year-end dates for the "Fiscal 2019" and "Fiscal 2018" periods? Option A Option B Option C Option D 2. Which of the following are the amounts in the company's accounting equation (A=L+ SE) for the 2019 fiscal year-end? 2. Which of the following are the amounts in the company's accounting equation (A=L+ SE) for the 2019 fiscal year-end? $51,236=$54,352+$(3,116)$54,352=$51,236+3,116$110,225=$72,653+$37,372$14,715=$3,473+$11,242 3. What is the company's current ratio at February 2, 2020? 1.080.340.391.07 4. What does the company's current ratio in requirement 3 indicate? The company has more than one dollar of current assets for every dollar of current liabilities due in the next year. The company has less than one dollar of current assets for every dollar of current liabilities due in the next year. Less than half of the company's assets are current. S2-1 (Static) Finding and Analyzing Financial Information [LO 2-1, LO 24, LO 2-5] Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019, to February 2, 2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019" even though it ends in the 2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. What were the year-end dates for the "Fiscal 2019" and "Fiscal 2018" periods? Option A Option B Option C Option D 2. Which of the following are the amounts in the company's accounting equation (A=L+ SE) for the 2019 fiscal year-end? 2. Which of the following are the amounts in the company's accounting equation (A=L+ SE) for the 2019 fiscal year-end? $51,236=$54,352+$(3,116)$54,352=$51,236+3,116$110,225=$72,653+$37,372$14,715=$3,473+$11,242 3. What is the company's current ratio at February 2, 2020? 1.080.340.391.07 4. What does the company's current ratio in requirement 3 indicate? The company has more than one dollar of current assets for every dollar of current liabilities due in the next year. The company has less than one dollar of current assets for every dollar of current liabilities due in the next year. Less than half of the company's assets are current