Consider note 1 to the 2009 financial statements of Home Depot, Inc., in Appendix A at the

Question:

Consider note 1 to the 2009 of Home Depot, Inc., in Appendix A at the end of this textbook. Use this report to assess the globalization of Home Depot by answering the following questions:
a. What are the locations of Home Depot’s international stores? What other global operations does Home Depot undertake?
b. Refer to note 1 under “Segment Information.” What percentages of total assets and net sales revenue were associated with international operations in 2009? in 2008?
c. Read note 1 under “Foreign Currency Translation.” What is used to translate foreign assets and liabilities for reporting purposes?
d. Read note 1 under “Derivatives.” Is there any evidence that management undertakes any formal hedging to attempt to reduce the impact of currency exchange risk?
e. Home Depot’s provision for taxes for 2009 and 2008 was $1,362 and $1,278 million, respectively. Of the total taxes each year, $166 and $62 million, respectively, were paidto foreign governments. What percentage of taxes was paid to foreign countries each year?
f. Do you believe Home Depot, Inc., is a multinational company? Why or why not?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...