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Please find cash coverage ratio. Using the financial information presented in Exhibit 13., calculate the following ratios for fiscal 2017 for The Home Depot: (Do
Please find cash coverage ratio.
Using the financial information presented in Exhibit 13., calculate the following ratios for fiscal 2017 for The Home Depot: (Do not round your intermediate calculations and round your answers to 2 decimal places. Round your percentage answers to 2 decimal places. (i.e., 0.1234 should be entered as 12.34).) Answer is complete but not entirely correct. THE HOME DEPOT, INC. Consolidated Statements of Cash Flows (amounts in millions) Fiscal Fiscal Fiscal 2017 2016 2015 Cash Flows from Operating Activities: Net Earnings $8,630$7,957 $7.009 Reconciliation of Net Earnings to Net Cash Provided by Operating Activities: Depreciation and 2,0621.973 1.863 Amortization Stock-Based 273 267 244 Compensation Expense Gain on Sales of Investments (144) Changes in Assets and Liabilities. net of the effects of acquisitions: Receivables, net 139 (138) (181) Merchandise Inventories (84) (769) (546) Other Current Assets (10) (48) (5) Accounts Payable and 352 446 S8S Accrued Expenses Step by Step Solution
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