Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Two days ago, Josh analyzed two gigantic home improvement retailers – The Home Depot, Inc. (HD) and Lowe’s Companies, Inc. (LOW) – and found that HD and LOW have the same quick ratio, but HD has a greater current ratio than LOW. Based on the information, Josh concluded that
A.
HD has a higher receivables turnover ratio.
B.
LOW has lower payables.
C.
HD has greater inventory.
D.
None of the above.
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