The following excerpt was taken from The Home Depot, Inc., 2015 Annual Report (for the fiscal year

Question:

The following excerpt was taken from The Home Depot, Inc., 2015 Annual Report (for the fiscal year ended January 31, 2016):

Consolidated Balance Sheets January 31, February 01, (Dollars in millions) 2016 2015 Assets Current Assets: $ 2,216 $ 1,

Analyze:
1. By what amount has merchandise inventory increased or decreased from February 1, 2015, to January 31, 2016?
2. What percentage of current assets is attributable to inventories at January 31, 2016?

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College Accounting Chapters 1-30

ISBN: 978-1259631115

15th edition

Authors: John Price, M. David Haddock, Michael Farina

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Question Posted: Jul 11, 2018 11:37 AM

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The following excerpt was taken from The Home Depot, Inc., 2015 Annual Report (for the fiscal year

Question:

Consolidated Balance Sheets January 31, February 01, (Dollars in millions) 2016 2015 Assets Current Assets: $ 2,216 $ 1,723 Cash and cash equivalents Receivables, net 1,890 1,484 11,809 11,079 Merchandise inventories 1,016 Other current assets 1,078 $16,993 $15,302 Total Current Assets

Step by Step Answer:

1 Merchandise inventory increased by 730 ...View the full answer

College Accounting Chapters 1-30

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