Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 54

Finding Financial Information
Refer to the financial statements of The Home Depot in Appendix A at the end of this book, or download the annual report from the Cases section of the text's Website at wwvv.mhhe.com/phillips4e.
Required:
1. What is the amount of Accumulated Depreciation and Amortization at January 30, 2011 What percentage is this of the total cost of property and equipment
a. $13,325; 34.7%
b. $13,325;33.2%
c. $1,616; 4.0%
d. $1,616; 4.2%
2. What amount of Depreciation and Amortization Expense was reported for the year ended January 30, 2011 What percentage of net sales is it
a. $13,325; 19.6%
b. $13325; 20.1%
c. $1,616; 2.4%
d. $1,616; 10.2%
3. What is the fixed asset turnover ratio for the year ended January 30, 2011
a. 2.71
b. 1.77
c. 2.59
d. 2.69