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18. Using selected data from Home Depot's financial statements, please answer the following questions For partial credit on ratio calculation provide the numerator and denominator

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18. Using selected data from Home Depot's financial statements, please answer the following questions For partial credit on ratio calculation provide the numerator and denominator in words (16 pts, 2 pts/per). a. What is Home Depot's accounts payable turnover for the year ended January 29, 2017? 2017 b. What does the accounts payable turnover tell a manager about the company? c. What is Home Depot's average days payable for 2017? 2017 d. What is Home Depot's times interest earned ratio for 2017? 2017 e. What does the times interest earned ratio tell a manager about the company? f. What is Home Depot's debt to equity ratio at the end of 2017? 2017: g. What is Home Depot's working capital at the end of 2017? 2017: h. What does working capital tell a manager about the company? For use with question 18: Selected data from Home Depot's financial statements for the years ended January 29, 2017 and January 31, 2016 (all amounts in millions). 2016 Element Net Sales Cost of Sales Operating Income Interest Expense Income Tax Expense Net Income 2017 94,595 62,282 13,427 972 4,534 7,957 2,029 12,549 17,724 21,914 42,966 7,000 88,519 58,254 11,774 919 4,012 7,009 1,890 11,809 16,484 22,191 41,973 6,565 12,524 35,657 Accounts Receivable Inventory Current Assets Fixed Assets Total Assets Accounts Payable Current Liabilities Total Liabilities es14,133 38,633

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