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The following information relates to Home Depot, Inc., and Lowe's Companies, Inc. for their 2018 and 2017 fiscal years. HOME DEPOT, INC. Selected Financial Information
The following information relates to Home Depot, Inc., and Lowe's Companies, Inc. for their 2018 and 2017 fiscal years.
HOME DEPOT, INC. | |||||||
Selected Financial Information | |||||||
(amounts in millions, except per share amounts) | |||||||
January 28, 2018 | January 29, 2017 | ||||||
Total current assets | $ | 18,933 | $ | 17,724 | |||
Merchandise inventory | 12,748 | 12,549 | |||||
Property and equipment, net of depreciation | 22,075 | 21,914 | |||||
Total assets | 44,529 | 42,966 | |||||
Total current liabilities | 16,194 | 14,133 | |||||
Total long-term liabilities | 26,881 | 24,500 | |||||
Total liabilities | 43,075 | 38,633 | |||||
Total shareholders equity | 1,454 | 4,333 | |||||
Revenue | 100,904 | 94,595 | |||||
Cost of goods sold | 66,548 | 62,282 | |||||
Gross profit | 34,356 | 32,313 | |||||
Operating income | 14,681 | 13,427 | |||||
Earnings from continuing operations before income tax expense | 13,698 | 12,491 | |||||
Income tax expense | 5,068 | 4,534 | |||||
Net earnings | 8,630 | 7,957 | |||||
Basic earnings per share | $ | 7.33 | $ | 6.47 | |||
LOWE'S COMPANIES, INC. | |||||||
Selected Financial Information | |||||||
(amounts in millions except per share data) | |||||||
January 24, 2018 | January 25, 2017 | ||||||
Total current assets | $ | 12,000 | $ | 10,561 | |||
Merchandise inventory | 10,458 | 9,458 | |||||
Property and equipment, net of depreciation | 19,949 | 19,577 | |||||
Total assets | 34,408 | 31,266 | |||||
Total current liabilities | 11,974 | 10,492 | |||||
Total long-term liabilities | 16,000 | 13,120 | |||||
Total liabilities | 27,974 | 23,612 | |||||
Total stockholders equity | 6,434 | 7,654 | |||||
Revenues | 65,017 | 59,074 | |||||
Cost of goods sold | 42,553 | 38,504 | |||||
Gross profit | 22,464 | 20,570 | |||||
Operating income | 5,846 | 4,971 | |||||
Earnings from continuing operations before income taxes | 5,201 | 4,419 | |||||
Income tax expense | 2,108 | 1,873 | |||||
Net earnings | 3,093 | 2,546 | |||||
Basic earnings per share | $ | 3.48 | $ | 2.73 | |||
Required
Compute the following ratios for the companies 2018 fiscal years (years ending in January 2018): (Use 365 days in a year. Do not round intermediate calculations. Round "Current ratio" to 2 decimal places and "Average days" to nearest whole number. Round all other answers to 1 decimal place.)
$ 2.73 Required Compute the following ratios for the companies' 2018 fiscal years (years ending in January 2018): (Use 3 round intermediate calculations. Round "Current ratio" to 2 decimal places and "Average days" to nea all other answers to 1 decimal place.) HOME DEPOT LOWE'S days days (1) Current ratio (2) Average days to sell inventory (Use average inventory.) (3) Debt-to-assets ratio Return on investment (Use average assets and use "earings from continuing operations" rather than net earnings.") (5) Gross margin percentage (6) Asset turnover (Use average assets) Return on sales (Use "earnings from continuing operations" rather than net earnings.) (8) Plant assets to long-term debt ratio
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