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 >

Use the information provided below to answer the following questions:   Comment on the financial result of the company.     Is the company efficient in its collection of debts arising from credit sales? Motivate your answer by using an appropriate ratio.     Will creditors allow credit under distress business conditions to Silverstone Limited? Explain your answer with the relevant ratio.     INFORMATION Extracts of the statement of comprehensive income and statement of financial position of Silverstone Limited for 2021 and 2020 are as follows: Statement of Comprehensive Income for the year ended 31 December:     2021 (R)   2020 (R) Sales 6 400 000 5 440 000 Cost of sales 4 000 000 3 264 000 Gross profit 2 400 000 2 176 000 Operating expenses 960 000 1 056 000 Operating profit 1 440 000 1 120 000 Profit before tax 1 280 000 1 040 000 Profit after tax 896 000 728 000   Statement of Financial…

Which of the following statements is false? Select one: a. The separation of current debt from long-term debt is done on the date of the balance sheet b. Each year, the amount of long-term debt would increase, as a portion is classified as current debt. c. Current assets include cash, accounts receivable and prepaid insurance. d. Long-term assets include vehicles, computers and furniture.

Which of the following statement is correct? Select one: O a. Return on assets is the ratio of net income after interest expense to total assets O b. All options are correct statement C. Average collection period is the average number of times it takes for the company's customers to pay their bills o d. Increase in the debt ratio indicate more reliance on debt as a source of financing