To answer the following questions, use the financial statements for Home Depot, Incorporated, in Appendix A. Required: a-1. Compute the company's current ratio and quick ratio for the most recent year reported. a-2. Do these ratios provide support that Home Depot is able to repay its current liabilities as they come due? b-1. Compute the company's debt ratio. b-2. Does Home Depot appear to have excessive debt? c. Does Home Depot's cash flow from operating activities appear adequate to cover its current liabilities as they come due? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B1 Req B2 Req C Compute the company's current ratio and quick ratio for the most recent year reported. Note: Round your answers to 2 decimal places. Current ratio Quick ratio to to < Req A1 Req A2 >
To answer the following questions, use the financial statements for Home Depot, Incorporated, in Appendix A. Required: a-1. Compute the company's current ratio and quick ratio for the most recent year reported. a-2. Do these ratios provide support that Home Depot is able to repay its current liabilities as they come due? b-1. Compute the company's debt ratio. b-2. Does Home Depot appear to have excessive debt? c. Does Home Depot's cash flow from operating activities appear adequate to cover its current liabilities as they come due? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B1 Req B2 Req C Compute the company's current ratio and quick ratio for the most recent year reported. Note: Round your answers to 2 decimal places. Current ratio Quick ratio to to < Req A1 Req A2 >
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
Problem 4EP
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