Refer to the financial statements of The Home Depot in Appendix A.

Required:

1.

Calculate and express as a percentage, the companys debt-to-assets ratio using amounts reported in its financial statements for the years ended February 2, 2014 and February 3, 2013, respectively.

	85.8 and 64.4 percent
	26.5 and 27.9 percent
	0.69 and 0.57 percent
	69.1 and 56.7 percent

2.

Calculate the companys times interest earned ratio for the year ended February 2, 2014.

	2.98
	12.91
	1.70
	13.11

THE HOME DEPOT, INC. AND SUBSIDIARIES Consolidated Balance Sheets February 2, 2014 February 3, 2013 $ 2,494 1,395 10,710 773 | 15,372 $ 1,929 1,398 11,057 895 15,279 39,064 15,716 | 23,348 1,289 602 $40,518 38,491 14,422 24,069 1,170 473 $41,084 amounts in millions, except share and per share data ASSETS Current Assets: Cash and Cash Equivalents Receivables, net Merchandise Inventories Other Current Assets Total Current Assets Property and Equipment, at cost Less Accumulated Depreciation and Amortization Net Property and Equipment Goodwill Other Assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts Payable Accrued Salaries and Related Expenses Sales Taxes Payable Deferred Revenue Income Taxes Payable Current Installments of Long-Term Debt Other Accrued Expenses Total Current Liabilities Long-Term Debt, excluding current installments Other Long-Term Liabilities Deferred Income Taxes Total Liabilities STOCKHOLDERS' EQUITY Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.761 billion shares at February 2, 2014 and 1.754 billion shares at February 3, 2013; outstanding: 1.380 billion shares at February 2, 2014 and 1,484 billion shares at February 3, 2013 Paid-In Capital Retained Earnings Accumulated Other Comprehensive Income Treasury Stock, at cost, 381 million shares at February 2, 2014 and 270 million shares at February 3, 2013 Total Stockholders' Equity Total Liabilities and Stockholders' Equity See accompanying Nores to Consolidated Financial Statements. $ 5,797 1,428 396 1,337 12 33 I 1,746 10,749 14,691 2,042 514 27,996 $ 5,376 1,414 472 1,270 22 1,321 1,587 11,462 9,475 2,051 319 23,307 8,402 23,180 46 (19,194) 12,522 $40,518 88 7,948 20,038 397 (10,694) 17,777 $41,084