23. Home Depots Equity Multiplier and Net Profit (Profit Margin) ratios in 2018 are 30.63 and 8.55%, respectively. What is the firm's ROE in 2018? a. 16.4% b. 17.7% c. 18.6% d. 19.5% e. None of the above 2019 108,203 71,043 37,160 2018 100,904 66,548 34,356 Home Depot (HD) Income Statement USD in millions except per share data. Revenue Cost of revenue Gross profit Operating expenses Sales, General and administrative Depreciation, Amortization and Depletion Total operating expenses Operating income (EBIT) Interest Expense Other income (expense) Income before income taxes (EBT) Provision for income taxes Net income from continuing operations Net income Net income available to common shareholders 17,864 1,811 19,675 14,681 983 19,513 1,870 21,383 15,777 958 263 14,556 3,435 11,121 11,121 11,121 13,698 5,068 8,630 8,630 8,630 EBITDA 17,647 16,492 2019 2018 1,778 3,595 Home Depot (HD) Balance Sheet USD in millions except per share data. Assets Current assets Cash and cash equivalents Short-term investments Total cash Receivables Inventories Other current assets Total current assets Non-current assets Gross Property, plant and equipment Accumulated Depreciation Property, plant and equipment, net Goodwill Other long-term assets Total non-current assets Total assets 1,778 1,936 13,925 890 18,529 3,595 1,952 12,748 638 18,933 42,939 41,414 (20,564) (19,339) 22,375 22,075 2,252 2,275 847 1,246 25,474 25,596 44,003 44,529 2019 2018 1,339 7,755 667 4,117 1,782 1,056 16,716 1,559 7,244 574 3,810 1,805 1,202 16,194 Liabilities and stockholders' equity Liabilities Current liabilities Short-term debt Accounts payable Taxes payable Accrued liabilities Deferred revenues Other current liabilities Total current liabilities Non-current liabilities Long-term debt Deferred taxes liabilities Other long-term liabilities Total non-current liabilities Total liabilities Stockholders' equity Common stock Additional paid-in capital Retained earnings Treasury stock Accumulated other comprehensive income Total stockholders' equity Total liabilities and stockholders' equity 26,807 491 1,867 29,165 45,881 24,267 440 2,174 26,881 43,075 89 89 10,578 10,192 46,423 39,935 (58,196) (48,196) (772) (566) (1,878) 1,454 44,00 44,529