In a recent years financial statements, Home Depot reported the following: Total liabilities = $38,633 million and

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In a recent year’s financial statements, Home Depot reported the following: Total liabilities = $38,633 million and Total assets = $42,966 million. Compute and interpret Home Depot’s debt ratio (assume competitors average a 60.0% debt ratio).

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Fundamental Accounting Principles

ISBN: 978-1259916960

24th edition

Authors: John J Wild, Ken Shaw

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Question Posted: Jul 09, 2019 09:22 AM

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In a recent years financial statements, Home Depot reported the following: Total liabilities = $38,633 million and

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Debt ratio Total liabilities Total assets 38633 mil ...View the full answer

Fundamental Accounting Principles

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