Question
Accounting question. Please review the balance sheet, income statement, and statement of cash flows of Home Depot, Inc. Review those statements and then respond to
Accounting question. Please review the balance sheet, income statement, and statement of cash flows of Home Depot, Inc.
Review those statements and then respond to the following for the year ended January 31, 2016 (fiscal year 2015).
a. Did the company have a net income or net loss for the year? How much? (Enter your answer in millions}
b. What were the cash balances at the beginning and end of the year? (Enter your answers in millions.)
c. What were the most important causes of the cash increase during the year? (Treat cash equivalents as if they were cash.)
d. What are the two largest assets included in the companys balance sheet at the end of the year?
e. What are the two largest liabilities included in the companys balance sheet at the end of the year?
THE HOME DEPOT, INC.AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS Fiscal Year EndedI) January 31 February 1, February 2, 2015 amounts in millions, except per share data NET SALES Cost of Sales GROSS PROFIT Operating Expenses 2016 2014 $ 88,519 58.254 30,265 83,176 54,787 28,389 $ 78,812 51,897 26,915 16,280 1,640 17,920 10,469 Selling, General and Administrative Depreciation and Amortization 16,801 1,690 18,491 11,774 16,122 1,627 17,749 9,166 Total Operating Expenses OPERATING INCOME Interest and Other (Income) Expense Interest and Investment Income (337) (12) (166) 919 753 11,021 4,012 830 493 9,976 3,631 Interest Expense Interest and Other, net EARNINGS BEFORE PROVISION FOR INCOME TAXES Provision for Income Taxes NET EARNINGS Weighted Average Common Shares BASIC EARNINGS PER SHARE Diluted Weighted Average Common Shares DILUTED EARNINGS PER SHARE 699 8,467 3,082 $7,009 6,345 5,385 1,425 $ 5.49 4.74 3.78 1,434 $5.46 4.713.76 1,277 1,338 1,283 1,346 (1) Fiscal years ended January 31, 2016, February 1, 2015 and February 2, 2014 include 52 weeks. See accompanying Notes to Consolidated Financial Statements
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started