Locate the balance sheet, income statement, and statement of cash flows of Home Depot, Inc., in Appendix

Question:

Locate the balance sheet, income statement, and statement of cash flows of Home Depot, Inc., in Appendix A of your text. Review those statements and then respond to the following for the year ended January 31, 2010 (fiscal year 2009).

(a) Did the company have a net income or net loss for the year? How much?

(b) What were the cash balances at the beginning and end of the year? What were the most important causes of the cash decrease during the year? (Treat “cash equivalents” as if they were cash.)

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...