Access the March 26, 2015, filing of the 10-K report of Home Depot for the year ended
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1. Identify Home Depot's long-term liabilities and the amounts for those liabilities from Home Depot's balance sheet at February 1, 2015.
2. Review Home Depot's note 4. The note reports that as of February 1, 2015, it had $2.963 billion of "5.875% Senior Notes; due December 16, 2036; interest payable semiannually on June 16 and
December 16." These notes have a face value of $3.0 billion and were originally issued at $2.958 billion.
a. Why would Home Depot issue $3.0 billion of its notes for only $2.958 billion?
b. How much cash interest must Home Depot pay each June 16 and December 16 on these notes?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
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Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259533006
8th edition
Authors: John J. Wild
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