Discuss any trends in the net cash provided in operating, investing and financing activities for Home Depot and Lowes in FYE2008.Based on the information contained in Home Depot's and Lowes' financial statements, compute the following FYE 2008 ratios for each company. These ratios require the use of statement of cash flows data.
- Current cash debt coverage ratio.
- Times interest earned.
- Cash debt coverage ratio.
- Free cash flow
Compare the liquidity, solvency, and profitability of Home Depot and Lowes' to draw conclusion on the financial management of Home Depot and Lowes.