Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Answer the following questions by referring to the financial statements of The Home Depot in Appendix A at the end of this book. (Note: Fiscal
Answer the following questions by referring 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. As with many retail companies, The Home Depot labels the period "Fiscal 2016" even though it ends in the 2017 calendar year. The label iscal 2016" is appropriate because Fiscal 2016 includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required 1/2 points awarded 1. What amount of net income was reported (in millions) for the year ended January 29, 2017? $94,595 $32,313 $7009 $7,957 Scored eBook Print 2. Wha amount of sales revenue (in millions) was earned for the year ended January 29, 2017? $32,313 $94,595 $7,957 $7009 References 3. What was the cost (in millions) of the company's inventory on January 29, 2017? $2,538 $12,549 $2,216 $11,809 4. How much cash (in millions) does The Home Depot have on January 29, 2017? $2,538 12,549 $2,216 $11,809
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