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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 Total current assets $ 18,933 Merchandise inventory 12,748 Property and equipment, net of depreciation 22,075 Total assets 44,529 Total current liabilities 16,194 Total long-term liabilities 26,881 Total liabilities 43,075 Total shareholders' equity 1,454 Revenue 100,904 Cost of goods sold 66,548 Gross profit 34,356 Operating income 14,681 Earnings from continuing operations before income tax expense 13,698 Income tax expense 5,068 Net earnings 8,630 Basic earnings per share $ 7.33 January 29, 2017 $ 17,724 12,549 21,914 42,966 14,133 24,500 38,633 4,333 94,595 62,282 32,313 13,427 12,491 4,534 7,957 $ 6.47 LOWE'S COMPANIES, INC. Selected Financial Information ( amounts in millions except per share data) January 24, 2018 Total current assets $ 12,000 Merchandise inventory 10,458 Property and equipment, net of depreciation 19,949 Total assets 34,408 Total current liabilities 11,974 Total long-term liabilities 16,000 Total liabilities 27,974 Total stockholders' equity 6,434 Revenues 65,017 Cost of goods sold 42,553 Gross profit 22,464 Operating income 5,846 Earnings from continuing operations before income taxes 5, 201 Income tax expense 2,108 Net earnings 3,093 Basic earnings per share $ 3.48 January 25, 2017 $ 10,561 9,458 19,577 31, 266 10,492 13,120 23,612 7,654 59,074 38,504 20,570 4,971 4,419 1,873 2,546 $ 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.) HOME DEPOT LOWE'S |(1) Current ratio (2) Average days to sell inventory (Use average inventory.) Debt-to-assets ratio days days Return on investment (Use average assets and use "earnings from continuing operations" rather than "net earnings.") times times 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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