Question
For its fiscal year 2018, Home Depot reported income before income taxes of $14,556 million, income tax expense of $3,435 million, and net income of
For its fiscal year 2018, Home Depot reported income before income taxes of $14,556 million, income tax expense of $3,435 million, and net income of $11,121 million. Home Depot's net operating profit before tax was $15,524 million and financial expense before tax was $968 million. The effective tax rate was 23.6% and the combined statutory tax rate was 25.1%.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259103292
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