THE HOME DEPOT$$S SUMMARIZED BALANCE SHEET

THE HOME DEPOT BALANCE SHEETS $($IN MILLIONS$)$

YEAR ENDED JANUARY $29,2017.($FISCAL $2016)$ JANUARY $31,2016.($FISCAL YEAR $2015)$ FEBUARY $1,2015.($FISCAL $2014)$ FEBUARY $2,2014.($FISCAL $2013)$ FEBUARY $3,2013.($FISCAL $2012$

ASSETS

CURRENT ASSETS

CASH AND CASH EQUIVALENTS $$2,538$ $$2,216$ $$1,723$ $$1,929$ $$2,494$

ACCOUNTS RECEIVABLE, NET $2,0291,8901,4841,3981,395$

INVENTORIES $12,54911,80911,07911,05710,710$

OTHER CURRENT ASSETS $6081,0781,016895773$

TOTAL CURRENT ASSETS $17,72816,99315,30215,27915,372$

PROPERTY AND EQUIPMENT, NET $21,91422,19122,72023,34824,069$

NOTES RECEIVABLE $--140$

GOODWILL $2,0932,1021,3531,2891,170$

OTHER ASSETS $1,2351,263571602333$

TOTAL ASSETS $$42,966$ $$42,549$ $$39,946$ $$40,518$ $$41,084$

LIABILITIES AND SHAREHOLDERS$$ EQUITY

CURRENT LIABILITIES $$14,133$ $$12,526$ $$11,269$ $$10,749$ $$11,462$

LONG$-$TERM LIABILITIES $24,50023,70719,35517,24711,845$

TOTAL LIABILITIES $38,63336,23330,62427,99623,307$

SHAREHOLDERS$$ EQUITY $4,3336,3169,32212,52217,777$

TOTAL LIABILITIES AND SHAREHOLDERS$$ EQUITY $$42,966$ $$42,519$ $$39,946$ $$40,518$ $$41,084$

THE HOME DEPOT$$S SUMMARIZED STATEMENTS OF EARNINGS.

THE HOME DEPOT

SATEMENTS OF EARNINGS $($IN MILLIONS$)$

YEAR ENDED JANUARY $29,2017($FISCAL $2016)$ JANUARY $31,2016($FISCAL $2015)$ FEBUARY $1,2015.($FISCAL $2014)$ FEBUARY $2,2014.($FISCAL $2013)$ FEBUARY $3,2013.($FISCAL $2012)$

NET SALES REVENUE $$94,595$ $$88,519$ $$83,176$ $$78,812$ $$74,764$

COST OF SALES $62,28258,25454,78751,89748,912$

GROSS PROFIT $32,31330,26528,38926,91525,842$

OPERATING AND OTHER EXPENSES $18,88618,49117,92017,74918,078$

INTEREST AND OTHER EXPENSE $936753493699545$

INCOME TAX EXPENSE $4,5344,0123,6313,0822,686$

NET INCOME $$7,957$ $$7,009$ $$6,345$ $$5,385$ $$4,635$

Using the above company statement$$s$,$ please complete the ratio analysis below.

$1)$ What is the current Ratio for all years? $(2\mathrm{.}5$ Marks$)$

$2)$ What is the Quick Ratio for all years? $(2\mathrm{.}5$ marks$)$

$3)$ What is the return on sales for all years? $(2\mathrm{.}5$ Marks$)$

$4)$ What is the Gross Profit Margin for all years? $(2\mathrm{.}5$ Marks$)$

$5)$ What is the Return on Investment for all years? $(2\mathrm{.}5$ Marks$)$

$6)$ What is the inventory turnover for all years? $(2\mathrm{.}5$ Marks$)$

$7)$ Using the inventory turnover from above, what is the Average Sale Period? $(2\mathrm{.}5$ Marks$)$

$8)$ Explain the difference between Managerial and Financial and the importance of both $(2\mathrm{.}5$ Marks$)$