Comparative balance sheets and income statements for fiscal year ended 2005 are given below for the warehouse retailer Home Depot. Amounts are in millions, except per-share data.

a. Reformulate the 2005 and 2004 income statements and the 2005, 2004, and 2003 balance sheets. In addition to net income, Home Depot reported other comprehensive income of $137 million in currency translation gains in 2005 and $172 million of translation gains in 2004. Details of Home Depots taxes are given in the tax. Footnote included in Exercise 9.10 in Chapter 9. For the reformulation of the balance sheets, include $50 million as operating cash.

b. Carry out a comprehensive analysis of operating profitability for 2005 and2004.

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Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrved saiaries and related expenses Sales taxes payable Deferred revenue nc taes payable Cursent instaliments oi long-term debt Other accrued expenses 5,766 1,055 412 1,546 161 $ S,159 801 419 5 4,560 809 307 998 227 1.28 175 509 1,210 9.554 856 653 967 1,518 1,127 3,035 1,321 491 362 Total current liabilities 10.529 Long-term debt, excluding current installments 2,148 763 1,309 Other long-term liabilties Deferred income taxes