D. Compute the fixed-asset turnover ratio for the fiscal year. You must show your calculations below.

Fixed-asset tumover ratio = Net sales - Average PP&E (S in millions) = $ = 2.28 The ratio is given. Use this as a check figure. S Do this first * Average PP&E for 2016 = ($ + ) + 2 = $ THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS S January 31, 2016 88,519 58,254 30,265 Fiscal Year Ended (1) February 1, 2016 $ 83,176 54.787 28,389 $ February 2, 2014 78.812 51,897 26,915 16,801 1,690 18,491 11,774 16,280 1,640 17.920 10,469 16.122 1,627 17,749 9.166 amounts in millions, except per share data NET SALES Cost of Sales GROSS PROFIT Operating Expenses: Selling, General and Administrative Depreciation and Amortization Total Operating Expenses OPERATING INCOME Interest and Other (Income) Expense: Interest and Investment Income Interest Expense Interest and Other, net EARNINGS BEFORE PROVISION FOR INCOME TAXES Provision for Income Taxes NET EARNINGS Weighted Average Common Shares BASIC EARNINGS PER SHARE Diluted Weighted Average Common Shares DILUTED EARNINGS PER SHARE (12) (337) 830 493 711 699 (166) 919 753 11,021 4,012 7,009 S S $ 9,976 3,631 6,345 1,338 4.74 1,346 4.71 8,467 3,082 5.385 1,425 3.78 1,434 3.76 S 1,277 5.49 1,283 5.46 S S S S S (1) Fiscal years ended January 31, 2016, February 1, 2015 and February 2, 2014 include 52 weeks. See accompanying Notes to Consolidated Financial Statements