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 $ 1,268 $ 1,325 $ 1,482 Receivables, net 991 973 2,141 Merchandise Inventories 10,768 10,263 12,649 Other Current Assets 1,201 1,331 607 Total Current Assets 14,228 13,892 16,879 Net Property and Equipment 26,423 25,704 21,892 Goodwill 1,144 1,172 2,077 Other Assets 408

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	$	1,268		$	1,325		$	1,482
Receivables, net		991			973			2,141
Merchandise Inventories		10,768			10,263			12,649
Other Current Assets		1,201			1,331			607
Total Current Assets		14,228			13,892			16,879
Net Property and Equipment		26,423			25,704			21,892
Goodwill		1,144			1,172			2,077
Other Assets		408			242			1,238
Total Assets	$	42,203		$	41,010			42,086
Liabilities and stockholders equity
Current Liabilities:
Short-Term Debt	$	550		$	370		$	610
Accounts Payable		4,821			5,413			7,000
Accrued Salaries and Related Expenses		1,110			1,247			1,484
Sales Taxes Payable		326			360			508
Deferred Revenue		1,153			1,145			1,769
Income Taxes Payable		283			102			28
Current Installments of Long-Term Debt		1,760			1,019			342
Other Accrued Expenses		1,633			1,584			2,225
Total Current Liabilities		11,636			11,240			13,966
Long-Term Debt, excluding current installments		9,649			8,660			8,985
Deferred Income Taxes		361			309			276
Other Long-Term Liabilities		2,196			2,128			1,755
Total Liabilities		24,634			23,173			26,475
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,660 at February 3, 2019, 1,680 shares at January 28, 2018 and 1,720 shares at January 29, 2017; outstanding: 1,297 shares at February 3, 2019 , 1,072 shares at January 28, 2018 and 1,181 shares at January 29, 2017		83			84			86
Paid-In Capital		6,036			6,296			5,901
Retained Earnings		43,701			57,555			24,189
Accumulated Other Comprehensive Loss		(79	)		(354	)		(655	)
Treasury stock, at cost, 383 shares at February 3, 2019 , 588 shares at January 28, 2018 and 539 shares at January 29, 2017		(32,172	)		(46,452	)		(37,730	)
Total stockholders (deficit) equity		17,569			17,129			68,561
Total Liabilities and Stockholders Equity	$	42,203		$	41,010			42,086

THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF EARNINGS
in millions, except per share data	Fiscal 2018		Fiscal 2017		Fiscal 2016
Net sales	$	66,181			$	71,293			$	77,351
Cost of Sales		43,746				47,291				51,341
Gross profit		22,435				24,002				26,010
Operating Expenses:
Selling, General and Administrative		15,887				17,829				17,038
Depreciation and Amortization		1,700				1,773				1,688
Impairment loss		247
Total Operating Expenses		17,834				19,602				18,726
Operating income		4,601				4,400				7,284
Interest and Other (Income) Expense:
Interest and Investment Income		(24	)			(24	)			(81	)
Interest Expense		663				610				687
Other		156
Interest and Other, net		795				586				606
Earnings before provision for income taxes		3,806				3,814				6,678
Provision for Income Taxes		1,342				1,270				2,402
Net earnings	$	2,464			$	2,544			$	4,276
Basic weighted average common shares		1,589				1,652				1,738
Basic earnings per share	$	1.55			$	1.54			$	2.46
Diluted weighted average common shares		1,601				1,660				1,599
Diluted earnings per share	$	1.54			$	1.53			$	2.67

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

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.