Financial reports are the primary means by which corporations report their performance and financial condition. Financial statements are one component of the annual report mailed to their shareholders and to other interested parties. Many companies are using the 10-K report that they file with the SEC as a replacement for the financial portion of their annual report.

Required:

Obtain the annual report (or 10-K report) for the year ended 1/29/2023 (filed March 15, 2023) for Home Depot Inc. The link is as follows:

EDGAR I Company Search ResultsLinks to an external site.

Selectthe10-K (annual reports) and 10-Q (quarterly reports) link. Then select the March 15, 2023 - 10-K: Annual Report for the year ending January 29, 2023. Then scroll down the page and select Item 8. Financial Statements and Supplementary Data.

Required:

1. What is the cost of Net Property and Equipment for the current year? (Hint: Look in Summary of Significant Accounting Policies, not the Balance Sheet) Be sure to indicate "in millions." Be sure to clearly indicate where you found each answer. (Example: On the Balance Sheet-> Assets section.)
2. What is the amount of Total Current Assets for the fiscal year ended January 29, 2023? Be sure to indicate "in millions." Be sure to clearly indicate where you found each answer. (Example: On the Balance Sheet-> Assets section.)
3. What is Goodwill? (You may cite the textbook definition.) What is the dollar value of Goodwill on the balance sheet as of fiscal 2022? Be sure to indicate "in millions." Be sure to clearly indicate where you found each answer. (Example: On the Balance Sheet-> Assets section.)