Refer to the financial statements of The Home Depot in Appendix A at the end of this book, or download the annual report from the Cases section in the Connect library.

Required:
1. As of February 2, 2014, how many shares of common stock were authorized? How many shares were issued? How many shares were held in treasury?

a. 10 billion; 1.761 billion; 1.754 billion
b. 10 billion; 1.484 billion; 270 million
c. 10 billion; 1.761 billion; 1.380 billion
d. 10 billion; 1.761 billion; 381 million

2. According to the Retained Earnings column in the Statement of Stockholders’ Equity, what was the total dollar amount of cash dividends declared during the year ended February 2, 2014?

a. $23,180 million
b. $20,038 million
c. $2,243 million
d. $1,632 million

3. According to the income statement, how has The Home Depot’s net earnings and basic earnings per share changed over the past three years?

a. Both net earnings and EPS increased.
b. Net earnings increased and EPS decreased.
c. Net earnings decreased and EPS increased.
d. Both net earnings and EPS decreased.