The Home Depot, Inc. reported the following data in its 2012 Annual Report (for the fiscal year
Question:
The Home Depot, Inc. reported the following data in its 2012 Annual Report (for the fiscal year ended February 3, 2013):
Analyze:
1. What percentage of total current liabilities is made up of accrued salaries and related expenses at February 3, 2013?
2. By what amount did accrued salaries and related expenses change from fiscal 2012 to fiscal 2013?
Transcribed Image Text:
The Home Depot, Inc. and Subsidlarles Consolldated Balance Sheets (in millions except per share amoumts) Feb. 3, 2013 Jan. 29, 2012 Lurrent wobItieS Accrued salaries and related expenses 1,414 1,372 Total current liabilities 11,462 9,376
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
1 Accrued salaries and related expenses a...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Accounting questions
-
The Home Depot, Inc. reported the following data in its 2009 Annual Report (for the fiscal year ended January 31, 2010): Analyze: 1. What percentage of total current liabilities is made up of accrued...
-
The Home Depot, Inc., reported the following data in its FY 2015 10-K (for the fiscal year ended January 31, 2016): Analyze: 1. What percentage of total current liabilities is made up of accrued...
-
In its 2012 Annual Report, Singapore Airlines, which primarily complies with IFRS, reported the following expected future minimum lease payments (in $ million). 35 Capital and Other Commitments (in $...
-
Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) O Changes in current...
-
Assume that Suppan Company in Problem 7-5B uses the periodic inventory system. Required 1. Open the following general ledger accounts: Cash; Accounts Receivable; Inventory (November 1 beg. bal. is...
-
The Gupta Center for Excellence in Government is considering the purchase of new equipment that will cost $1.3 million if purchased today and will generate the following cash disbursements and...
-
Write some code to sample from a GP prior. In particular, define some onedimensional input points ( \(x\) ), compute the covariance matrix by computing the covariance function at all pairs of points...
-
Pat Delaney Company leases an automobile with a fair value of $8,725 from John Simon Motors, Inc., on the following terms: 1. Noncancelable term of 50 months. 2. Rental of $200 per month (at end of...
-
Please choose a current public company look at their most recent form 10K. What does the company's auditors say about their control system? It's in the audit letter found near the end of the 10-...
-
There is a road between the suburbs and downtown. The road is congested at rush hour. If 100 people use the road at rush hour, the trip takes 30 minutes. If the 101st person enters the road, everyone...
-
Susie's Sweater Factory employs two managers for the factory. These managers work 12 hours per day at $16 per hour. After eight hours, they receive overtime pay. Management is trying to cut costs....
-
Which of the following are withheld from employees' earnings? a. FUTA b. Income tax c. Medicare d. Social security e. SUTA f. Workers' compensation
-
A company operated at a profit for the year, but cash flow from operations was negative. Why might this occur? What industry or industries might find this a common occurrence?
-
On January 1 , 2 0 2 3 , Mona, Incorporated, acquired 9 0 percent of Lisa Company s common stock as well as 7 0 percent of its preferred shares. Mona paid $ 8 9 , 0 0 0 in cash for the preferred...
-
Amy has her own bookkeeping company, ClearBooks Account providing services for the month ended August 31, 2023. Amy administrative assistant and the other is a bookkeeper. The follo D 1 2 Cost Item...
-
1. John found that his plane could fly at 6 times the speed of the wind. He flew 700 miles upwind in 3 hours more than took to fly 560 miles downwind. What was the speed of the plane in still air? 2....
-
Using data provided, does Elaine have any support for her concern ? Information for the prior five years is shown below: Year 2011 2012 2013 2014 2014 JOS Revenue $750,000 $875,000 $1,200,000...
-
Wedmark Corporation's Cupertino, California, plant manufactures chips used in personal computers. Its practical capacity is 4,500 chips per week, and fixed costs are $71,000 per week. The selling...
-
How can a partnership come into existence?
-
What mass of KBr (in grams) should you use to make 350.0 mL of a 1.30 M KBr solution?
-
Rivera Company made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $900 and trade discount of 25 percent. 2. List price of...
-
1. Open the general ledger accounts and accounts receivable ledger accounts indicated below. Enter the balances as of May 1, 20X1. 2. Post the entries from the general journal in Problem 7.4B to the...
-
1. Open the general ledger accounts and accounts receivable ledger accounts shown below. Enter the balances as of April 1, 20X1. 2. Post the entries from the general journal in Problem 7.4A to the...
-
Preplanning and practice drills are crucial for successfully handling a disaster. True False
-
The following information has been prepared for four of the company's centers: Center Cash Receivables Inventories Fixed Asset Total Investment Profit A $5,000 $15,000 $20,000 $60,000 $100,000...
-
Which of the items below would be most affected by the announcement of an increase in expected inflation? a. the discount rate on the stock b the cash flows from the stock c. the risk of the stock d....
Can I Pay Myself A How To Budgeting Guide For Mompreneurs 1st Edition - ISBN: 0578836912 - Free Book
Study smarter with the SolutionInn App