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I will upvote do this ASAP! Refer to the summarized financial statements of The Home Depot in Appendix A. (Note. The Home Depot, Inc, fiscal
I will upvote do this ASAP!
Refer to the summarized financial statements of The Home Depot in Appendix A. (Note. The Home Depot, Inc, fiscal year 2018, ends on February 3, 2019) 1-a. How much inventory does the company hold on February 3, 2019? (Enter your answer in millions, not in dollars.) 1.b. Does this represent an increase or decrease in comparison to the prior year? Increase Decrease 2. Compute the company's inventory turnover ratio and days to sell for the most recent year. (Consider 365 day in a year. Consider inventory Turnover Ratio rounded to 1 decimal ploce. Round final answers to 1 decimal place.) THE HOME DEPOT, INC. Consolidated Balanee Sheets in millions, except pershane data February 3, January 28 2019 2018 Assets Current assets: Cash and eash equivalents Receivables, net Merchandise inventoric Other current assets Total current assets Net property and equipment Goodwill Other assets Total assets Liabilities and Stockholders' Equity Current liabilities: Shorterm debt Accounts payable \& 1.339 \& 1.559 Acerved salaries and related expenses 7,244 Sales taxes payable Accrued salaries and related expenses Sales taxes payable Deferred tevenue Income taxes payable Current instalments of long-term debt Other acerued expenses Total current liabilities Longterm debt, excluding current instalments Deferred income taxes Other lonsterm liabitities Iotal liabilities Common stock, par value $0.05; authorized: 10,000 shares issued: 1,782 at February outstanding: 1.105 shares at February 3,2019 and 1.158 shares at January 28, 2018 Paid in eapltal Retalied earnings Accumulated other somprebenive loss Treanury stoek, st cost, 677 shares at Februaty 3, 2019 and 622 shares at January 78,3018 (53.196)(1.878) (566) Total stociholders' (deficit) equiry $44.003$44.529 Total liabilitics and stoskholdert' equity THE HOME DEPOT, INC. Consolidated Statements of Earnings THE HONE DEPOT, LNC. THE HOME DEPOT, INC. Consolidated Statements of Steckholders' Equity Aecumulated Other Comprehensive Incoune (Loss): Balance at beginning of year (267) 311 Foreign currency translation adjustments Cash flow hedges, net of tax Other Balance at end of year Treasury Stock: Ralance at beginning of year Repurehases of common stock Balance at end of yeat (772) (1) (3) 53 34 (9) (898) Total stockholders' (deficit) equity $(1.878) (33,194) Net cash used in investing activities (2.416) (2,228) (1,583) Cash Flons from Financing Actrities: (Repayments of) proceeds from shortterm debt, net Proceeds from longterm debt, net of discounts Repayments of longterm debt Repurchases of common stock Proceeds from sales of comento Cash dividends Other financing activities Net cash used in financing activities Change in cash and cash equivalents Effect of exchange rate changes on eath and eash equiva Cash and cash equivalents at beginaing of yeat Cash and cash equivalents at end of year Sapplewental Disclosures: Cash paid for income taves Cash paid for interest, net of interest capitalized Noncath capital expenditures Step by Step Solution
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