Refer to the 2015 Form 10-K (for the fiscal year ended January 31, 2016) for The Home

Question:

Refer to the 2015 Form 10-K (for the fiscal year ended January 31, 2016) for The Home Depot, Inc.

Analyze:
1. Locate the Notes to Consolidated Financial Statements. The 10-Year Summary of Financial and Operating Results presents a detailed list of earnings, selected balance sheet items, cash flow data, and financial ratios. What is the long-term debt to equity ratio for 2016?
2. Over the past three years, is The Home Depot, Inc., in a better or worse financial situation in regard to the long-term debt?

Balance Sheet
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...