Question:
The Home Depot, Inc., financial statements appear in Appendix A at the end of this text. Use these statements to answer the following questions.
a. What is the total dollar value of the company’s current assets for the most current year reported? Has that amount increased or decreased in the most current year? How is the change in current assets impacted by the change in cash and cash equivalents?
b. Does the company report any investments in marketable securities? If so, how does it report unrealized gains and losses?
c. Home Depot has several types of receivables which are combined which into a single receivables amount in the balance sheet. Which type of receivables comprises the largest portion of total receivables?
The Home Depot, Inc.
Transcribed Image Text:
millions, except per share data
Assets
Current assets:
Cash and cash equivalents
Dow
Receivables, net
Mana
Merchandise inventories
ONL
Other current assets.
Total current assets
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Net property and equipment.
Go
Goodwill
Other assets
Total assets
Tiabilition
Liabilities and Stockholders' Equity
Current liabilities:
Short-term debt
Accounts payable
Accrued salaries and related expenses
Autruc
mares
Sales taxes payable
Deferred revenue
Income taxes payable
ancong
Current installments of long-term debt
Othon noomsed
Other accrued expenses
Total current liabilities
THE HOME DEPOT, INC.
CONSOLIDATED BALANCE SHEETS
Long-term debt, excluding current installments
Deferred income taxes
Other long-term liabilities
Total liabilities
Total mitte
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,782 at February 3, 2019 and 1,780 shares at January 28, 2018; outstanding: 1,105 shares at February 3, 2019 and 1,158 shares at January 28, 2018
Paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost, 677 shares at February 3, 2019 and 622 shares at January 28, 2018
Total stockholders' (deficit) equity
Total liabilities and stockholders' equity
See accompanying notes to consolidated financial statements.
February 3,
2019
$
1,778
1,936
13,925
890
18,529
22,375
2,252
847
44,003
$ 1,339
7,755
1,506
656
1,782
11
$
1,056
2,611
16,716
26,807
C
491
1,867
45,881
M
89
10,578
10,5/0
46,423
40,423
(772)
(58,196)
(1,878)
44,003
January 28,
2018
$
$
3,595
1,952
12,748
638
18,933
22,075
2,275
1,246
44.529
1,559
7,244
1,640
520
1,805
54
B
1,202
2. 170
2,170
16.104
16,194
24,267
P
440
2,174
2,174
43,075
89
10,192
39,935
(566)
(48,196)
1,454
44,529