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

THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS
	Fiscal Year Ended(1)
amounts in millions, except per share data	January 31,2016				February 1, 2015				February 2, 2014
NET SALES	$	66,188			$	71,304			$	77,352
Cost of Sales		43,746				47,290				51,332
GROSS PROFIT		22,442				24,014				26,020
Operating Expenses:
Selling, General and Administrative		15,895				17,840				17,049
Depreciation and Amortization		1,696				1,772				1,688
Total Operating Expenses		17,591				19,612				18,737
OPERATING INCOME		4,851				4,402				7,283
Interest and Other (Income) Expense:
Interest and Investment Income		(20	)			(20	)			(81	)
Interest Expense		665				612				685
Other		(149	)			149
Interest and Other, net		794				741				604
EARNINGS BEFORE PROVISION FOR INCOME TAXES		4,057				3,661				6,679
Provision for Income Taxes		1,351				1,269				2,407
NET EARNINGS	$	2,706			$	2,392			$	4,272
Weighted Average Common Shares		1,519				1,582				1,668
BASIC EARNINGS PER SHARE	$	1.78			$	1.71			$	2.56
Diluted Weighted Average Common Shares		1,531				1,590				1,529
DILUTED EARNINGS PER SHARE	$	1.77			$	1.50			$	2.79

⁽¹⁾ Fiscal years ended January 31, 2016, February 1, 2015 and February 2, 2014 include 52 weeks.

THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
amounts in millions, except share and per share data	January 31, 2016				February 1, 2015
ASSETS
Current Assets:
Cash and Cash Equivalents	$	1,275			$	1,226
Receivables, net		969				985
Merchandise Inventories		10,208				10,713
Other Current Assets		1,329				1,205
Total Current Assets		13,781				14,129
Property and Equipment, at cost		37,400				36,585
Less Accumulated Depreciation and Amortization		11,745				10,168
Net Property and Equipment		25,655				26,417
Goodwill		1,174				1,148
Other Assets		224				400
Total Assets	$	40,834			$	42,094
LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities:
Short-Term Debt	$	360			$	570
Accounts Payable		5,423				4,815
Accrued Salaries and Related Expenses		1,255				1,111
Sales Taxes Payable		356				325
Deferred Revenue		1,153				1,158
Income Taxes Payable		106				279
Current Installments of Long-Term Debt		1,016				1,761
Other Accrued Expenses		1,577				1,641
Total Current Liabilities		11,246				11,660
Long-Term Debt, excluding current installments		8,647				9,654
Other Long-Term Liabilities		2,138				2,192
Deferred Income Taxes		1,153				1,158
Total Liabilities		23,184				24,664
STOCKHOLDERS EQUITY
Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.754 billion shares at January 31, 2016 and 1.733 billion shares at February 1, 2015; outstanding: 1.484 billion shares at January 31, 2016 and 1.537 billion shares at February 1, 2015		82				81
Paid-In Capital		6,291				6,040
Retained Earnings		11,516				11,775
Accumulated Other Comprehensive Income		353				78
Treasury Stock, at cost, 270 million shares at January 31, 2016 and 196 million shares at February 1, 2015		(592	)			(388	)
Total Stockholders Equity		17,650				17,430
Total Liabilities and Stockholders Equity	$	40,834			$	42,094

Selected information as on February 2, 2014:

Working capital	$	2,658
Cash balance	$	1,310
Total assets	$	44,399
Stockholders' equity	$	17,624

rev: 04_07_2020_QC_CS-207273, CS-207274

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 January 31, 2016, and February 1, 2015.

a-2. Compute the quick ratio for the fiscal years ending January 31, 2016, and February 1, 2015.

a-3. Compute the amount of working capital for the fiscal years ending January 31, 2016, and February 1, 2015.

a-4. Compute the percentage change in working capital from the prior year for the fiscal years ending January 31, 2016, and February 1, 2015.

a-5. Compute the percentage change in cash and cash equivalents from the prior year for the fiscal years ending January 31, 2016, and February 1, 2015.