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Refer to the summarized financial statements of The Home Depot in Appendix A. (Note: The Home Depot, Inc., fiscal year 2018, ends on February 3,
Refer to the summarized financial statements of The Home Depot in Appendix A. (Note: The Home Depot, Inc., fiscal year 2018, ends on February 3, 2019.) Required: 1. Calculate the company's debt-to-assets ratio for the year ended February 3, 2019. (Round your answer to 2 decimal places.) Debt-to-assets ratio 2-a. Calculate, the company's times interest earned ratio the year ended February 3, 2019. (Round your answer to 2 decimal places.) Times interest earned ratio 2-b. Does times interest earned ratio cause you any concern about the company's ability to meet future interest obligations as they become due? Yes Refer to the summarized financial statements of The Home Depot in Appendix A. (Note: The Home Depot, Inc., fiscal year 2018, ends on February 3, 2019.) Required: 1. Calculate the company's debt-to-assets ratio for the year ended February 3, 2019. (Round your answer to 2 decimal places.) Debt-to-assets ratio 2-a. Calculate, the company's times interest earned ratio the year ended February 3, 2019. (Round your answer to 2 decimal places.) Times interest earned ratio 2-b. Does times interest earned ratio cause you any concern about the company's ability to meet future interest obligations as they become due? Yes
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