Refer to the 2012 Annual Report (for the fiscal year ended February 3, 2013) for The Home Depot, Inc., in Appendix A.
1. Locate the consolidated statements of earnings. Using vertical analysis, what is the cost of goods sold expressed as a percentage of net sales for the year ended January 31, 2013? If the industry average for this percentage is 70 percent, is The Home Depot, Inc. performing better than the industry average or worse? Why?
2. Locate the consolidated balance sheets. Using horizontal analysis, by what dollar amount and percentage have total assets increased from fiscal year 2011 to 2012?