Exercise $7\mathrm{.}15($Static$)$ Using the Financial Statements of Home Depot, Incorporated $($LO$7-1,$ LO$7-4,$ L$07-5,$

LO$7-7)$

The Home Depot, Incorporated, financial statements appear in Appendix A$.$ Use these statements to answer the following questions:

Required:

a$-1.$ What is the total dollar value of the company's current assets for the most current year reported?

a$-2.$ Has that amount increased or decreased in the most current year?

b$.$ Does the company report any investments in marketable securities$?$

c$.$ Home Depot has several types of receivables that are combined into a single receivables amount in the balance sheet. Which type

of receivables comprises the largest portion of total receivables?

d$.$ On average, for how many days do the company's accounts receivable remain outstanding before collection?