The following excerpt was taken from The Home Depot, Inc , 2015 Annual Report (for the fiscal year ended January 31, 2016) The Balance Sheet to the Consolidated Financial Statements contained the following details on the companys current and long term debt Analyze 1 What percentage of total debt is...

1 In 2016 current liabilitie are 428 1550136233 of total debt ain 2015 current ...

The following excerpt was taken from The Home Depot, Inc., 2015 Annual Report (for the fiscal year

Question:

The following excerpt was taken from The Home Depot, Inc., 2015 Annual Report (for the fiscal year ended January 31, 2016).The to the Consolidated contained the following details on the company€™s current and long-term debt.

(in millions) Total current liabilities Long-term debt, excluding current installments Other long-term liabilities Total

Analyze:
1. What percentage of total debt is represented by the current portion in 2016? In 2015?
2. What percentage of total debt is represented by the long-term portion in 2016? In 2015?
3. If interest payments totaled $919 million 2016, what average rate was paid on total debt? Use the end-of-year balance of liabilities for this computation.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... 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...

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