The following are the balance sheet and consolidated statement of earnings of The Home Depot, Inc.

THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS
millions, except per share data	February 3, 2019			January 28, 2018			January 29, 2017
Assets
Current Assets:
Cash and Cash Equivalents	$	1,263		$	1,324		$	1,481
Receivables, net		977			981			2,149
Merchandise Inventories		10,713			10,253			12,639
Other Current Assets		1,210			1,322			598
Total Current Assets		14,163			13,880			16,867
Net Property and Equipment		26,406			25,657			21,845
Goodwill		1,150			1,176			2,081
Other Assets		401			239			1,235
Total Assets	$	42,120		$	40,952			42,028
Liabilities and stockholders equity
Current Liabilities:
Short-Term Debt	$	570		$	380		$	610
Accounts Payable		4,819			5,423			6,600
Accrued Salaries and Related Expenses		1,110			1,253			1,584
Sales Taxes Payable		328			359			508
Deferred Revenue		1,146			1,157			1,569
Income Taxes Payable		281			100			22
Current Installments of Long-Term Debt		1,756			1,011			442
Other Accrued Expenses		1,631			1,579			2,265
Total Current Liabilities		11,641			11,262			13,600
Long-Term Debt, excluding current installments		9,666			8,651			8,976
Deferred Income Taxes		349			316			306
Other Long-Term Liabilities		2,184			2,131			1,755
Total Liabilities		24,637			23,201			25,900
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,620 at February 3, 2019, 1,640 shares at January 28, 2018 and 1,680 shares at January 29, 2017; outstanding: 1,266 shares at February 3, 2019 , 1,030 shares at January 28, 2018 and 1,139 shares at January 29, 2017		81			82			84
Paid-In Capital		6,033			6,295			5,900
Retained Earnings		42,867			57,627			25,039
Accumulated Other Comprehensive Loss		(82	)		(357	)		(658	)
Treasury stock, at cost, 374 shares at February 3, 2019 , 590 shares at January 28, 2018 and 541 shares at January 29, 2017		(31,416	)		(46,610	)		(36,247	)
Total stockholders (deficit) equity		17,483			17,037			67,928
Total Liabilities and Stockholders Equity	$	42,120		$	40,952			42,028

THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF EARNINGS
in millions, except per share data	Fiscal 2018				Fiscal 2017				Fiscal 2016
Net sales	$	66,177			$	71,301			$	77,367
Cost of Sales		43,762				47,284				51,348
Gross profit		22,415				24,017				26,019
Operating Expenses:
Selling, General and Administrative		15,898				17,835				17,051
Depreciation and Amortization		1,702				1,781				1,687
Impairment loss		237
Total Operating Expenses		17,837				19,616				18,738
Operating income		4,578				4,401				7,281
Interest and Other (Income) Expense:
Interest and Investment Income		(26	)			(26	)			(75	)
Interest Expense		660				611				691
Other		162
Interest and Other, net		796				585				616
Earnings before provision for income taxes		3,782				3,816				6,665
Provision for Income Taxes		1,359				1,263				2,392
Net earnings	$	2,423			$	2,553			$	4,273
Basic weighted average common shares		1,589				1,652				1,738
Basic earnings per share	$	1.52			$	1.55			$	2.46
Diluted weighted average common shares		1,601				1,660				1,599
Diluted earnings per share	$	1.51			$	1.54			$	2.67

Fiscal 2018 includes 53 weeks. Fiscal 2017 and fiscal 2016 include 52 weeks.

rev: 06_17_2020_QC_CS-216907

Assume that you are the credit manager of a medium-size supplier of building materials and related products. Home Depot wants to make credit purchases from your company, with payment due in 60 days.

Instructions:

a-1. Compute the current ratio for the fiscal years ending February 3, 2019, and January 28, 2018.

a-2. Compute the quick ratio for the fiscal years ending February 3, 2019, and January 28, 2018.

a-3. Compute the amount of working capital for the fiscal years ending February 3, 2019, and January 28, 2018.

a-4. Compute the change in working capital from the prior year for the fiscal years ending February 3, 2019, and January 28, 2018.