Question
Can you not see the consolidated balance sheet below? This is the only information provided from my homework. Home Depot (HD) is a retailer of
Can you not see the consolidated balance sheet below? This is the only information provided from my homework.
Home Depot (HD) is a retailer of home improvement and construction products. Home Depot is currently the worlds largest home improvement retailer with revenues exceeding $83 billion in its fiscal year ending February 1, 2015. The most commonly used inventory valuation methods are first-in first-out, last-in first-out, and average or weighted average cost. See the excerpts to follow from Home Depots 2015 Form 10-K: its Consolidated Balance Sheets 2015 Excerpt and a section from its Notes to Financial Statements (page 35 36).
Discuss shrink and what a company can do to prevent it.
Discuss the differences, advantages, and disadvantages of the FIFO, LIFO, and weighted average cost inventory valuation methods.
Discuss the method Home Depot uses to value its inventory. How do you know? Discuss the reasoning behind their choice in inventory methods.
Discuss how each method affects the financial statements. What accounts are involved? How are the accounts affected
Home Depot (HD) is a
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