Refer to the financial statements of The Home Depot in Appendix A at the end of this book, or download the annual report from the Cases section.
Required:
1. Calculate and express as a percentage, the company’s debt-to-assets ratio using amounts reported in its financial statements for the years ended February 2, 2014, and February 3, 2013, respectively.
a. 69.1 and 56.7 percent
b. 26.5 and 27.9 percent
c. 85.8 and 64.4 percent
d. 0.69 and 0.57 percent
2. Calculate, to two decimal places, the company’s times interest earned ratio for the year ended February 2, 2014.
a. 1.70
b. 2.98
c. 12.91
d. 13.11