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Refer to the financial statements of The Home Depot in Appendix A. at the end of this book. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019, to February 2, 2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019" even though it ends in the 2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. Calculate and express as a percentage the company's debt-to-assets ratio using amounts reported in its financial statements for the years ended February 2, 2020, and February 3, 2019, respectively. 106.1 and 104.3 percent 92.8 and 90.2 percent 38.7 and 42.1 percent > 33.8 and 36.4 percent

Refer to the financial statements of The Home Depot in Appendix A. at the end of this book. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019, to February 2, 2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019" even though it ends in the 2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. Calculate and express as a percentage the company's debt-to-assets ratio using amounts reported in its financial statements for the years ended February 2, 2020, and February 3, 2019, respectively. 106.1 and 104.3 percent 92.8 and 90.2 percent 38.7 and 42.1 percent > 33.8 and 36.4 percent

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Refer to the financial statements of The Home Depot in Appendix A. at the end of this book. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019, to February 2, 2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019" even though it ends in the 2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. Calculate and express as a percentage the company's debt-to-assets ratio using amounts reported in its financial statements for the years ended February 2, 2020, and February 3, 2019, respectively. 106.1 and 104.3 percent 92.8 and 90.2 percent 38.7 and 42.1 percent 33.8 and 36.4 percent 2. Using the company's interest expense, calculate the times interest earned ratio to two decimal places for the year ended February 2, 2020. 1.42 Ⓒ3.24 x 13.25
Transcribed Image Text:Refer to the financial statements of The Home Depot in Appendix A. at the end of this book. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019, to February 2, 2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019" even though it ends in the 2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. Calculate and express as a percentage the company's debt-to-assets ratio using amounts reported in its financial statements for the years ended February 2, 2020, and February 3, 2019, respectively. 106.1 and 104.3 percent 92.8 and 90.2 percent 38.7 and 42.1 percent 33.8 and 36.4 percent 2. Using the company's interest expense, calculate the times interest earned ratio to two decimal places for the year ended February 2, 2020. 1.42 Ⓒ3.24 x 13.25
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