Refer to the financlal 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 retall companies, The Home Depot labels the perlod "Fiscal 2016" even though It ends In the 2017 calendar year. The label "Fiscal 2016" is approprlate because Fiscal 2016 Includes 11 months from the 2016 calendar year. The Home Depot explalns its choice of fiscal perlod In Note 1 to Its financial statements.) Required 1. What were the year-end dates for the "Flscal 2016" and "FIscal 2015" perlods? Fiscal 2816 a. January 31, 2816 b December 31, 2816 c January 31, 2816 d. January 29, 2817 Fiscal 2815 February 1, 2815 December 31, 2815 January 31, 2815 January 31, 2816 O Option A O Option B OptionC Option D 2. Which of the following are the amounts In the company's accounting equation (A L+SE) for the 2016 fiscal year-end? $94,595 $62,282 $32,313 $42,966 $38,633 $4,333 $41,973 $35,657 $6,316 O$81,599 $38,633 $42,966 3. What Is the company's current ratio at January 29, 2017? 0.80 1.25 0.41 1.11 4. What does the company's current ratio In requirement 3 Indicate? The company has more than one dollar of current assets for every dollar of current liabilities due in the next year The company has less than one dollar of current assets for every dollar of current liabilities due in the next year. Less than half of the company's assets are current Less than half of the company's lablities are current. Refer to the financlal 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 retall companies, The Home Depot labels the perlod "Fiscal 2016" even though It ends In the 2017 calendar year. The label "Fiscal 2016" is approprlate because Fiscal 2016 Includes 11 months from the 2016 calendar year. The Home Depot explalns its choice of fiscal perlod In Note 1 to Its financial statements.) Required 1. What were the year-end dates for the "Flscal 2016" and "FIscal 2015" perlods? Fiscal 2816 a. January 31, 2816 b December 31, 2816 c January 31, 2816 d. January 29, 2817 Fiscal 2815 February 1, 2815 December 31, 2815 January 31, 2815 January 31, 2816 O Option A O Option B OptionC Option D 2. Which of the following are the amounts In the company's accounting equation (A L+SE) for the 2016 fiscal year-end? $94,595 $62,282 $32,313 $42,966 $38,633 $4,333 $41,973 $35,657 $6,316 O$81,599 $38,633 $42,966 3. What Is the company's current ratio at January 29, 2017? 0.80 1.25 0.41 1.11 4. What does the company's current ratio In requirement 3 Indicate? The company has more than one dollar of current assets for every dollar of current liabilities due in the next year The company has less than one dollar of current assets for every dollar of current liabilities due in the next year. Less than half of the company's assets are current Less than half of the company's lablities are current
