Question: The income statements for Home Depot Inc HD spanning the

The income statements for Home Depot, Inc. (HD) spanning the period 2006–2008 (just before the housing crash, so these are representative years) are as follows:

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 service its debt obligations has changed over thisperiod?
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  • CreatedOctober 31, 2014
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