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Based on the financial statements of Home Depot for the fiscal year that ended January 31, 2021, calculate the following ratios for the last two fiscal years and indicate whether they are getting better or worse where asked. You should use the ratio formulas that are given in your textbook and assume all of Home Depot’s cash is excess cash.
Please review the Home Depot Annual Report before beginning the assignment.
Below is an Excel worksheet that you might find very helpful in collecting the data and completing your calculations.