Homework Answers
Answer:
| Gross Profit Ratio | |||||
| Choose Numerator | / | Choose Denominator | = | Gross Profit Ratio | |
| Gross Profit | / | Sales | = | Gross Profit Ratio | |
| Home Depot | 34,356 | / | 1,00,904 | = | 34.05% |
| Lowe's | 23,409 | / | 68,619 | = | 34.11% |
| Inventory Turnover Ratio | |||||
| Choose Numerator | / | Choose Denominator | = | Inventory Turnover Ratio | |
| Cost of Goods Sold | / | Average Inventory | = | Inventory Turnover Ratio | |
| Home Depot | 66,548 | / | 12,649 | = | 5.26 Times |
| Lowe's | 45,210 | / | 10,926 | = | 4.14 Times |
| Average Days in Inventory | |||||
| Choose Numerator | / | Choose Denominator | = | Average Days in Inventory | |
| 365 | / | Inventory Turnover Ratio | = | Average Days in Inventory | |
| Home Depot | 365 | / | 5.26 | = | 69.39 Days |
| Lowe's | 365 | / | 4.14 | = | 88.16 Days |
| Home Depot | Lowe's | |
| Sales | 1,00,904 | 68,619 |
| Cost of Goods Sold | 66,548 | 45,210 |
| Gross Profit | 34,356 | 23,409 |
| Home Depot | Lowe's | |
| Beginning Inventory | 12,549 | 10,458 |
| Ending Inventory | 12,748 | 11,393 |
| Average Inventory | 12,649 | 10,926 |
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Exercise 8-25 Ratio analysis; Home Depot and Lowe's Real World Financials The table below contains selected informa...
Real World Financials The table below contains selected information from recent financial statements of The Home...
Real World Financials The table below contains selected information from recent financial statements of The Home Depot, Inc., and Lowe’s Companies, Inc., two companies in the home improvement retail industry ($ in millions): Home Depot Lowe's 1/31/16 2/1/15 1/29/16 1/30/15 Net sales $ 81,602 $ 77,544 $ 56,207 $ 53,311 Cost of goods sold 54,212 49,542 25,665 33,824 Year-end inventory 13,430 13,050 9,397 8,870 Industry Averages: Gross profit ratio 33 % Inventory turnover ratio 3.9 times Average days in inventory...
Real World Financials The table below contains selected information from recent financial statements of Green and...
Real World Financials The table below contains selected information from recent financial statements of Green and White, two companies in the home improvement retail industry ($ in millions): White Green 2/3/2017 1/29/2017 1/28/2018 2/2/2018 $94,995 62,682 12,949 $101,304 $69,019 $65,417 Net sales Cost of goods sold Year-end inventory 66,948 45,610 42,953 13,148 11,793 10,858 Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their fiscal years ending in...
Real World Financlals The table below contalns selected Information from recent financlal statements of The Home...
Real World Financlals The table below contalns selected Information from recent financlal statements of The Home Depot, Inc., and Lowe's Companles, Inc., two companles In the home Improvement retall Industry (S In millions) Home Depot Lowe's Net sales Cost of goods sold Year-end inventory 1/31/16 2/1/15 1/29/16 1/30/15 $79,122 $75,964 $53,727 $5e,831 51,73248,92 29,934 33,264 1e,94 1e,59e ,157 8,63e Industry Averages: Gross profit ratio Inventory turnover ratio Average days in inventory 33 % 3.9 times 94 days Required Calculate the...
PLEASE GIVE SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU! Real World Financials The table below contains selected...
PLEASE GIVE SOLUTION IN THE SAME FORMAT AS THE IMAGE
THANK YOU!
Real World Financials The table below contains selected Information from recent financial statements of Green and White, two companies in the home Improvement retail Industry ($ In millions): Net sales Cost of goods sold Year-end inventory Green 1/28/2018 1/29/2017 $102,504 $96, 195 63,882 14,348 14,149 White 2/2/2018 2/3/2017 $70,219 $66, 617 46,810 44,153 1 2,993 12,958 Required: Calculate the gross profit ratio, the Inventory turnover ratio, and the...
Real World Financials The table below contains selected information from recent financial statements of Green and...
Real World Financials The table below contains selected information from recent financial statements of Green and White, two companies in the home improvement retail Industry ($ in millions): Net sales Cost of goods sold Year-end inventory Green 1/28/2018 1/29/2017 $102,504 $96,195 68,148 63,882 White 2/2/2018 2/3/2017 $70,219 $66,617 46,810 44,153 12,993 12,058 14,348 14,149 Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in Inventory for the two companies for their fiscal years ending in...
Real World Financials The table below contains selected information from recent financial statements of Green and...
Real World Financials The table below contains selected information from recent financial statements of Green and White, two companies in the home improvement retail industry (S in millions): Net sales Coat of goods sold Year-end inventory Green 1/28/2018 1/29/2017 $ 101, 104 $94.795 66,748 62,482 12,948 12,749 White 2/2/2018 2/3/2017 $ 68,819 $ 65,217 45,410 42,753 11,593 10,658 Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their...
Selected Income statement information for 2018 is presented below for Home Depot, Inc. and Lowe's Companies...
Selected Income statement information for 2018 is presented below
for Home Depot, Inc. and Lowe's Companies Inc. Assume the statutory
tax rate is 22%.
Question 6 Not complete Marked out of 12.00 P Rag question Compute NOPAT Selected income statement information for 2018 is presented below for Home Depot Inc. and Lowe's Companies Inc. Assume the statutory tax rate is 22% Pretax Net Average Net Nonoperating Tax Operating Company (5 millions) Ticker Sales NOPET Expense Expense Assets Home Depot HD...
Please solve and show the work for this information below. Home Depot, Inc. Common Size Statement...
Please solve and show the work for this information below. Home Depot, Inc. Common Size Statement of Earnings 12 Months Ended in Millions $ Percentages Feb. 03, 2019 Jan. 28, 2018 Jan. 29, 2017 Feb. 03, 2019 Jan. 28, 2018 Jan. 29, 2017 Net Sales $ 108,203 $ 100,904 $ 94,595 Cost of sales 71,043 66,548 62,282 Gross profit 37,160 34,356 32,313 Operating expenses: Selling, general and administrative 19,513 17,864 17,132 Depreciation and amortization 1,870 1,811 1,754 Impairment loss 247...
12 Months Ended in Millions $ Percentages Jan. 29, 2017 Home Depot, Inc. Common Size Statement...
12 Months Ended in Millions $ Percentages Jan. 29, 2017 Home Depot, Inc. Common Size Statement of Earnings Jan. 28, 2018 Jan. 29, 2017 Jan. 31, 2016 Jan. 28, 2018 Jan. 31, 2016 88,519 Net sales Cost of sales Gross profit Operating expenses Sel S 100,904 66,548 S 94,595 62,282 100.00% 100.00% 100.00% 58.254 34.16% 34.19% ling, general and administrative Depreciation and amortization Total operating expenses Operating income Interest and other (income) expense Interest and investment income nterest expense Interest...
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data A...
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data Assets Current assets: Cash and cash equivalents 1,778 $ 3,595 Receivables, net 1,936 1,952 Merchandise inventories 13,925 12,748 Other current assets 890 638 Total current assets 18,529 18,933 22,375 Net property and equipment 22,075 Goodwill 2,252 2,275 Other assets 847 1,246 Total assets 44,003 44,529 Liabilities and Stockholders' Equity Current liabilities: 1,339 $ Short-term debt $ 1,559 Accounts payable Accrued salaries...
Real World Financials The table below contains selected information from recent financial statements of Green and White, two companies in the home improvement retail industry ($ in millions): White Green 2/3/2017 1/29/2017 1/28/2018 2/2/2018 $94,995 62,682 12,949 $101,304 $69,019 $65,417 Net sales Cost of goods sold Year-end inventory 66,948 45,610 42,953 13,148 11,793 10,858 Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their fiscal years ending in...
Real World Financlals The table below contalns selected Information from recent financlal statements of The Home Depot, Inc., and Lowe's Companles, Inc., two companles In the home Improvement retall Industry (S In millions) Home Depot Lowe's Net sales Cost of goods sold Year-end inventory 1/31/16 2/1/15 1/29/16 1/30/15 $79,122 $75,964 $53,727 $5e,831 51,73248,92 29,934 33,264 1e,94 1e,59e ,157 8,63e Industry Averages: Gross profit ratio Inventory turnover ratio Average days in inventory 33 % 3.9 times 94 days Required Calculate the...
PLEASE GIVE SOLUTION IN THE SAME FORMAT AS THE IMAGE
THANK YOU!
Real World Financials The table below contains selected Information from recent financial statements of Green and White, two companies in the home Improvement retail Industry ($ In millions): Net sales Cost of goods sold Year-end inventory Green 1/28/2018 1/29/2017 $102,504 $96, 195 63,882 14,348 14,149 White 2/2/2018 2/3/2017 $70,219 $66, 617 46,810 44,153 1 2,993 12,958 Required: Calculate the gross profit ratio, the Inventory turnover ratio, and the...
Real World Financials The table below contains selected information from recent financial statements of Green and White, two companies in the home improvement retail Industry ($ in millions): Net sales Cost of goods sold Year-end inventory Green 1/28/2018 1/29/2017 $102,504 $96,195 68,148 63,882 White 2/2/2018 2/3/2017 $70,219 $66,617 46,810 44,153 12,993 12,058 14,348 14,149 Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in Inventory for the two companies for their fiscal years ending in...
Real World Financials The table below contains selected information from recent financial statements of Green and White, two companies in the home improvement retail industry (S in millions): Net sales Coat of goods sold Year-end inventory Green 1/28/2018 1/29/2017 $ 101, 104 $94.795 66,748 62,482 12,948 12,749 White 2/2/2018 2/3/2017 $ 68,819 $ 65,217 45,410 42,753 11,593 10,658 Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their...
Selected Income statement information for 2018 is presented below
for Home Depot, Inc. and Lowe's Companies Inc. Assume the statutory
tax rate is 22%.
Question 6 Not complete Marked out of 12.00 P Rag question Compute NOPAT Selected income statement information for 2018 is presented below for Home Depot Inc. and Lowe's Companies Inc. Assume the statutory tax rate is 22% Pretax Net Average Net Nonoperating Tax Operating Company (5 millions) Ticker Sales NOPET Expense Expense Assets Home Depot HD...
12 Months Ended in Millions $ Percentages Jan. 29, 2017 Home Depot, Inc. Common Size Statement of Earnings Jan. 28, 2018 Jan. 29, 2017 Jan. 31, 2016 Jan. 28, 2018 Jan. 31, 2016 88,519 Net sales Cost of sales Gross profit Operating expenses Sel S 100,904 66,548 S 94,595 62,282 100.00% 100.00% 100.00% 58.254 34.16% 34.19% ling, general and administrative Depreciation and amortization Total operating expenses Operating income Interest and other (income) expense Interest and investment income nterest expense Interest...
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data Assets Current assets: Cash and cash equivalents 1,778 $ 3,595 Receivables, net 1,936 1,952 Merchandise inventories 13,925 12,748 Other current assets 890 638 Total current assets 18,529 18,933 22,375 Net property and equipment 22,075 Goodwill 2,252 2,275 Other assets 847 1,246 Total assets 44,003 44,529 Liabilities and Stockholders' Equity Current liabilities: 1,339 $ Short-term debt $ 1,559 Accounts payable Accrued salaries...
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