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APPEN DIX A Excerpts from the Fiscal 2019 10-K Annual Report of The Home Depot, Inc. A7 THE HOME DEPOT, INC. Consolidated Balance Sheets See
APPEN DIX A Excerpts from the Fiscal 2019 10-K Annual Report of The Home Depot, Inc. A7 THE HOME DEPOT, INC. Consolidated Balance Sheets See accompanying notes to consolidated financial statements. A8 APPENDIX A Excerpts from the Fiscal 2019 10-K Annual Report of The Home Depot, Inc. Fiscal 2019 and fiscal 2017 include 52 weeks. Fiscal 2018 includes 53 weeks. See accompanying notes to consolidated financial statements. THE HOME DEPOT, INC. Consolidated Statements Of Comprehensive Income Fiscal 2019 and fiscal 2017 include 52 weeks. Fiscal 2018 includes 53 weeks. See accompanying notes to consolidated financial statements. APPEN DIX A Excerpts from the Fiscal 2019 10-K Annual Report of The Home Depot, Inc. THE HOME DEPOT, INC. Fiscal 2019 and fiscal 201/ include $2 weeks. Fiscal 2018 includes $3 weeks. See accompanying notes to consolidated financial statements. A10 APPENDIX A Excerpts from the Fiscal 2019 10-K Annual Report of The Home Depot, Inc. THE HOME DEPOT, INC. Conenliratad Statemante Of Cach Flmure See accompanying notes to consolidated financial statements. Refer to the financial statements of The Home Depot in Appendix A. at the end of this book. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019, to February 2, 2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019 " even though it ends in the 2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) 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, 2020, and February 3, 2019, respectively. 106.1and104.3percent92.8and90.2percent38.7and42.1percent33.8and36.4percent 2. Using the company's interest expense, calculate the times interest earned ratio to two decimal places for the year ended February 2,2020. 1.42 3.24 13.25 9.36
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