[SOLVED] Accounting Question

I’m trying to study for my Accounting course and I need some help to understand this question.

I need steps!?? (Show me how to get the answer)

Assignment Instructions:

• Develop RATIOS for Home Depot using their Balance Sheet and their Income Statement for 2012 in the Excel workbook

2-GC1030 – IHW 2a – Home Depot -2012 IS and BS for Ratio Aalysis.xlsx

• Use the formulae given on slides 7, 9, and 12-13 to calculate the ratios for:
• The homework will be graded based on the 16 ratios
• You have options for how you your work:
  • You can do the calculations by hand, you do not need to type them, and provided that you do them in pencil and that they are clean, neat, and legible.
  • You can also type them up, but this totally you up to you.
  • In either case, you need to put a circle or box around your answers.
  • Note:Simply providing an Excel sheet with your calculations will not be acceptable
• Finally, summarize your answers by filling in the boxes cells on the

“3-GC1030 – IHW 2a – Home Depot – 2012 IS and BS for Ratio Analysis – Answer Template.doc