Refer to the financial statements of The Home Depot in Appendix A at the end of this book, or download the annual report from the Cases section of the text's Web site at www.mhhe.com/phillips4e .
Required:
1. Calculate, to two decimal places, the company's quick ratio using amounts reported in its financial statements for the years ended January 30, 2011, and January 31, 2010.
a. 1.33 and 1.34
b. 0.16 and 0.23
c. 0.28 and 0.36
d. 1.30 and 1.34
2. Calculate, to two decimal places, the company's times interest earned ratio for the year ended January 30, 2011.
a. 6.30 c. 10.95
b. 1.74 d. 3.00