(Related to Checkpoint 15.1) (Analyzing coverage ration) The income statements for Home Depot, Inc. (HD), spanning the period 2014-2016 (just before the housing crash, so these are representative years) are found here a. Calculate the times interest earned ratio for each of the years for which you have data What is your assessment of how the firm's ability to service its debt obligations has changed over this period? a. The times interest earned ratio for 2016 wastmes Round to two decimal places Helated to Checkpoint 13.1 (Analyzing coverage ratios The income statements for Home Depot Inc. (HD) spanning the period 2014-2015 just before the housing crash, so these are representative years) are found here a. Calculate the times interest earned ratio for each of the years for which you have data b. What is your assessment of how the firm's ability to sep a. The times interest eamed ratio for 2015 was mus Data Table 5 thousands Net operating income (EBIT) Interest expense Eamings before taxes Income taxes Net income 2016 $11.774.000 (919.000 $10.855.000 14.012,000) $6 843 000 2015 510, 469.000 (830,000) 39.639.000 (3.631000) 56000.000 2014 59.166.000 711000) 58.455.000 3.002.000) $5 373 000 Print Done