Using the financial information presented in Exhibit 13.1. calculate the following ratios for fiscal 2017 for The Home Depot: (Do not round your intermediate calculations and round your answers to 2 decimal places. Round your percentage answers to 2 decimal places. (i.e., 0.1234 should be entered as 12.34).) % % Return on equity Return on assets Total asset turnover Inventory turnover Current ratio Quick ratio Cash coverage ratio Debt-to-equity ratio THE HOME DEPOT, INC. Consolidated Statements of Earnings (amounts in millions, except per share data) Fiscal 2017 $100.904 66,548 34,356 Fiscal Fiscal 2016 2015 $94.595 $88,519 62.282 58.254 32.313 30.265 17,864 17.132 16.801 1,811 1.754 1,690 19,675 18.886 18.491 Net Sales Cost of Sales Gross Profit Operating Expenses: Selling. General and Administrative Depreciation and Amortization Total Operating Expenses Operating Income Interest and Other (Income) Expense: Interest and Investment Income Interest Expense Interest and Other, net Earnings before Provision for Income Taxes Provision for Income Taxes Net Earnings 14,681 13.427 11.774 (74) (36) (166) 1,057 983 972 936 919 753 13,698 5,068 $ 8,630 12.491 4.534 S 7,957 11.021 4.012 $ 7,009 1,178 1.229 1.277 Basic Weighted Average Common Shares Basic Earnings per Share Diluted Weighted Average Common Shares Diluted Earnings per Share $ 7.33 1,184 S 6.47 1.234 $ 5.49 1.283 $ 7.29 $ 6.45 S 5.46 THE HOME DEPOT, INC. Consolidated Balance Sheets (amounts la millions, except per share data) End of Fiscal 2017 End of Fiscal 2016 $ 3.595 $ 2.538 1.952 2,029 12.748 12.549 6.18 008 18.933 17.724 22.075 21.914 2.275 2.093 1.246 1.235 $ 44.529 $42.966 S 1.559 7.244 1.640 5 710 7.000 1.484 Assets Current Assets: Cash and Cash Equivalents Receivables, net Merchandise Inventories Other Current Assets Total Current Assets Net Property and Equipment Goodwill Other Assets Total Assets 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 Other Acered Expenses Total Current Liabilities Long-Term Debt, excluding current installments Deferred Income Taxes Other Long Term Liabilities Total Liabilities Stockholders' Equity Common Stock, par value 0.05; authorized: 10.000 shares: issued 1.780 shares of January 28, 2018, and 1.776 at January 29, 2017 Paid to Capital Retained Farming Accumulated Other Comprehensive Loss Treasury Stock 622 shares January 28, 2018 and 573 shares January 29, 2017 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 520 1.805 54 1.202 508 1.669 25 542 2,170 16,194 24.267 2,195 14.133 22.349 440 2,174 43,075 296 1.855 38.633 10.193 39,918 88 9,787 35,519 THE HOME DEPOT, INC. Consolidated statements of Cash Flows Exam 3 THE HOME DEPOT.INC. Consolidated Statements of Cash Flows (wowe millions Fiscal 2017 Fiscal 2016 Fiscal 2015 $8.6.30 $7.957 $7.000 2,062 1.973 1,863 273 267 244 - (144) Cash Flows from Operating Activities: Net Earnings Reconciliation of Net Earnings to Net Cash Provided by Operating Activities: Depreciation and Amortization Stock-Based Compensation Expense Gain on Sales of Investments Changes in Assets and Libilities, net of the effects of acquisition Receivables, et Merchandise Inventories Other Current Assets Accounts Payable and Accrued Expenses Deferred Revenue Income Taxes Payable Deferred Income Other Net Cash Provided by Operating Activities Cash Flows from uvesting Activities Capital Expenditures set of non-cash capital 139 (84) (103 352 (138) (769) (48) 4.16 (181) (546) SS8 99 109 (117) 29 92 420 12,031 109 154 IS (33) 9.373 9,783 (1.503) Proceeds from Sales of (1.4) Proceeds from Sales of 14 Other Revestig Activities Net Can Used in Levestig Active Francing Activities Proceeds from Short Term Debel Proceeds from Long Term Debt set of disco 7.000 C (1,897) (1.621) (1.503) 144 (374) (1.666) 47 38 43 (4) (2.228) (1.583) (2.982) 850 360 60 2,991 4.959 3.991 Activities Cash Flows from Investing Activities: Capital Expenditures, net of non-cash capital expenditures Proceeds from Sales of Investments Payments for Businesses Acquired, net Proceeds from Sales of Property and Equipment Other Investing Activities Net Cash Used in Investing Activities Cash Flows from Financing Activities: Proceeds from Short-Term Debt, net Proceeds from Long-Term Debt. net of discount Repayments of Long-Term Debt Repurchaises of Common Stock Proceeds from Sales of Common Stock Cash Dividends Other Financing Activities Net Cash Used in Financing Activities Chan Cash and Cash Equivalents Effect of Exchange Rate Changes on Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year Supplemental Disclosures: Cash Paid for Interest, net of interest capitalized Cash Paid for Income Taxes Non-cash Capital Expenditures (543) (3.045) (39) (8,000) (6.880) (7.000) 255 218 228 (3.031) (4.212) (211) (8.870) (3.404) (78) (7.870) 4 (5.787) 933 330 604 124 (8) 2.58 $3,595 2.216 $ 2.538 1.223 S 2.216 $ 991 $ 924 $ 874 4,732 150 3.853 165 179
