1. As of January 29, 2017, how many shares of common stock were authorized? How many shares...

Question:

1. As of January 29, 2017, how many shares of common stock were authorized? How many shares were issued? How many shares were held in treasury?

a. 10 billion; 1.772 billion; 1.252 billion

b. 10 billion; 1.203 billion; 573 million

c. 10 billion; 1.776 billion; 1.203 billion

d. 10 billion; 1.776 billion; 573 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 January 29, 2017?

a. $7,957 million

b. $35,519 million

c. $3,404 million

d. $2.76 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.

Refer to the financial statements of The Home Depot in Appendix A at the end of this book. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017.)

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...

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