The Home Depot, Inc., is the worlds largest home improvement retailer and one of the largest retailers
Question:
For the years ending February 2, 2003, and February 3, 2002, The Home Depot reported the following balance sheet data (in millions):
a. Determine the total liabilities as of February 2, 2003, and February 3, 2002.
b. Determine the ratio of liabilities to stockholders equity for 2003 and 2002. Round to two decimal places.
c. What conclusions regarding the margin of protection to the creditors can you draw from(b)?
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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