Question
Compute the following three ratios for The Home Depots year ended January 29, 2017: (i) fixed asset turnover, (ii) days to sell, and (iii) debt-to-assets.
Compute the following three ratios for The Home Depots year ended January 29, 2017: (i) fixed asset turnover, (ii) days to sell, and (iii) debt-to-assets. To calculate the ratios, use the Fiscal 2016 financial statements of The Home Depot in Appendix A at the end of this book. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. As with many retail companies, The Home Depot labels the period Fiscal 2016 even though it ends in the 2017 calendar year. The label Fiscal 2016 is appropriate because Fiscal 2016 includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) (Use 365 days in a year. Round intermediate calculations to 2 decimal places. Round fixed asset turnover and debt-to-assets final ratios to 2 decimal places. Round days to sell ratio to 1 decimal place.)
-
2.37; 71.4; 0.90
-
2.37; 47.0; 0.52
-
4.29; 47.0; 0.90
-
4.29; 71.4; 0.90
financial statement photos available on this question if you scroll down (I can't figure out how to upload them myself):
https://www.chegg.com/homework-help/questions-and-answers/refer-financial-statements-home-depot-appendix-end-book-note-fiscal-2016-home-depot-runs-f-q33427363
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started