Refer to the financial statements of The Home Depot in Appendix A at the end of this

Question:

Refer to the of The Home Depot in Appendix A at the end of this book, or download the annual report from the Cases section in the Connect library.
Required:
1. What is the amount of Accumulated Depreciation and Amortization at February 2, 2014? What percentage is this of the total cost of property and equipment?
a. $ 15,716; 40.2%
c. $ 1,627; 4.2%
b. $ 15,716; 67.3%
d. $ 1,627; 10.4%
2. What amount of Depreciation and Amortization Expense was reported for the year ended February 2, 2014? What percentage of net sales is it?
a. $ 15,716; 19.9%
c. $ 1,627; 2.1%
b. $ 15,716; 40.2%
d. $ 1,627; 4.2%
3. What is the fixed ratio for the year ended February 2, 2014?
a. 3.27
c. 3.32
b. 3.29
d. 3.38 Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.