Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Analyze The Home Depot's Balance Sheet. What trends do you note in Assets, Liabilities & Owners Equity? THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS January
Analyze The Home Depot's Balance Sheet. What trends do you note in Assets, Liabilities & Owners Equity?
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS January 31, 2021 February 2, 2020 in millions, except per share data Assets Current assets: Cash and cash equivalents Receivables, net Merchandise inventories Other current assets Total current assets Net property and equipment Operating lease right-of-use assets Goodwill Other assets Total assets 7,895 $ 2,992 16,627 963 28,477 24,705 5,962 7,126 4,311 70,581 $ 2,133 2,106 14,531 1,040 19,810 22,770 5,595 2,254 807 51,236 $ Liabilities and Stockholders' Equity Current liabilities: Short-term debt Accounts payable Accrued salaries and related expenses Sales taxes payable Deferred revenue Income taxes payable Current installments of long-term debt Current operating lease liabilities Other accrued expenses Total current liabilities Long-term debt, excluding current installments Long-term operating lease liabilities Deferred income taxes Other long-term liabilities Total liabilities 11,606 2,463 774 2,823 193 1,416 828 3,063 23,166 35,822 5,356 1,131 1,807 67,282 974 7,787 1,494 605 2,116 55 1,839 828 2,677 18,375 28,670 5,066 706 1,535 54,352 Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,789 shares at January 31, 2021 and 1,786 shares at February 2, 2020; outstanding: 1,077 shares at January 31, 2021 and February 2, 2020 Paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock, at cost, 712 shares at January 31, 2021 and 709 shares at February 2, 2020 Total stockholders' equity (deficit) Total liabilities and stockholders' equity 89 11,540 58,134 (671) 89 11,001 51,729 (739) (65,793) 3,299 70,581 $ (65,196) (3,116) 51,236 $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