Selected Financial Data for Home Depot Is Provided Below What Is the Times Interest Earned Ratio for Home Depot

question 29

Multiple Choice

Selected financial data for Home Depot is provided below: $$\begin{array} { l r } \text { (\$ in millions) } & \underline { \text { Home Depot } } \\\text { Sales } & \$ 66,176 \\\text { Interest expense } & 676 \\\text { Tax expense } & 1,362 \\\text { Net income } & \$ 2,620\end{array}$$ What is the times interest earned ratio for Home Depot?

• A) 6.9 times.
• B) 3.9 times.
• C) 0.3 times.
• D) 97.9 times.

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