The following financial information (in US$ millions) is for two major corporations for the three fiscal years ending as follows:

Instructions
(a) Calculate the inventory turnover, days sales in inventory, current ratio, acid-test ratio, gross profit margin, and profit margin for each company for fiscal 2011 and 2010.
(b) Comment on each company's profitability and liquidity.
Taking It Further
All fiscal years shown for Home Depot are 52 weeks. Lowes' fiscal year ended February 3, 2012, is 53 weeks. Its other two fiscal years are 52 weeks. How, if at all, does the difference in the number of weeks impact our ability to compare Lowes' ratios across the two fiscal years and to Home Depot's ratios?

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January 29, 2012 January 30, January 31 Home Depot, Inc. Net sales Cost of sales Profit Cash and short-term investments Accounts receivable Inventory Other current assets Current liabilities 2011 $67,997 44,693 3,338 2010 $66,176 43,764 2,661 1,421 $70,395 46,133 3,883 1,987 1,245 10,325 963 9,376 545 1,085 10,625 1,224 10,122 964 10,188 1,327 10,363 February 3, 2012 Lowe's Companies, Inc. Net sales Cost of sales Profit Cash and short-term investments Inventory Other current assets Current liabilities $50,208 32,858 1,839 1,300 8,355 417 7,891 January 28, 2011 $48,815 31,663 2,010 1,123 8,321 January 29, 2010 $47,220 30,757 1,783 1,057 8,249 523 426 7,119 7,355