Selected financial data of two competitors Home Depot and Lowe%u2019s are presented here. (All dollars are in millions.) Suppose the data were taken from the
2014 financial statements of each company. Home Depot Lowe%u2019s Income Statement Data for Year Net sales $77349 $48283 Cost of goods sold 51352 31556
Selling and administrative expenses 18570 12022 Interest expense 696 239 Other income 74 45 Income taxes 2410 1702 Net income $ 4395 $ 2809
Home Depot Lowe%u2019s Balance Sheet Data (End of Year) Current assets $14674 $ 8686 Noncurrent assets 29650 22183 Total assets $44324 $30869 Current
liabilities $12706 $ 7751 Long-term liabilities 13904 7020 Total stockholders%u2019 equity 17714 16098 Total liabilities and stockholders%u2019 equity
$44324 $30869 Net cash provided by operating activities $5727 $4347 Cash paid for capital expenditures $3558 $4010 Dividends paid $1709 $428 Average
shares outstanding 1849 1481 Instructions For each company compute these values and ratios. (a) Working capital. (b) Current ratio. (Round to two decimal
places.) (c) Debt to assets ratio. (d) Free cash flow. (e) Earnings per share. (f) Compare liquidity profitability and solvency of the 2 companies
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