LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities:
Accounts Payable	$	4,849	$	4,820
Accrued Salaries and Related Expenses		1,252		1,110
Sales Taxes Payable		348		318
Deferred Revenue		1,143		1,151
Income Taxes Payable		102		287
Current Installments of Long-Term Debt		1,019		1,756
Other Accrued Expenses		1,570		1,643
Total Current Liabilities		10,283		11,085
Long-Term Debt, excluding current installments		8,655		9,660
Other Long-Term Liabilities		2,140		2,182
Deferred Income Taxes		317		354
Total Liabilities		21,395		23,281
STOCKHOLDERS EQUITY
Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.754 billion shares at February 3, 2013 and 1.733 billion shares at January 29, 2012; outstanding: 1.484 billion shares at February 3, 2013 and 1.537 billion shares at January 29, 2012		80		79
Paid-In Capital		6,297		6,038
Retained Earnings		13,633		12,381
Accumulated Other Comprehensive Income		355		(77)
Treasury Stock, at cost, 270 million shares at February 3, 2013 and 196 million shares at January 29, 2012		(588)		(375)
Total Stockholders Equity		19,777		18,046
Total Liabilities and Stockholders Equity	$	41,172	$	41,327

Selected information as on January 31, 2011:

Working capital	$	1,966
Cash and cash equivalents	$	594
Total assets	$	44,404
Total stockholders' equity	$	17,774

The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries. THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS Fiscal Year Ended(1) amounts in millions, except per share data

The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries.

THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS
	Fiscal Year Ended(1)
amounts in millions, except per share data	February 3, 2013		January 29, 2012		January 30, 2011
NET SALES	$	66,184	$	71,304	$	77,369
Cost of Sales		43,747		47,281		51,343
GROSS PROFIT		22,437		24,023		26,026
Operating Expenses:
Selling, General and Administrative		15,894		17,839		17,041
Depreciation and Amortization		1,689		1,779		1,688
Total Operating Expenses		17,583		19,618		18,729
OPERATING INCOME		4,854		4,405		7,297
Interest and Other (Income) Expense:
Interest and Investment Income		(23)		(23)		(77)
Interest Expense		666		614		680
Other		144		144
Interest and Other, net		787		735		603
EARNINGS BEFORE PROVISION FOR INCOME TAXES		4,067		3,670		6,694
Provision for Income Taxes		1,360		1,260		2,403
NET EARNINGS	$	2,707	$	2,410	$	4,291
Weighted Average Common Shares		1,539		1,602		1,688
BASIC EARNINGS PER SHARE	$	1.76	$	1.69	$	2.54
Diluted Weighted Average Common Shares		1,551		1,610		1,549
DILUTED EARNINGS PER SHARE	$	1.75	$	1.50	$	2.77

(1) Fiscal year ended February 3, 2013 includes 53 weeks. Fiscal years ended January 29, 2012 and January 30, 2011 include 52 weeks.

THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

amounts in millions, except share and per share data

February 3, 2013

January 29, 2012

ASSETS

Current Assets:

Cash and Cash Equivalents

$

1,436

$

526

Receivables, net

968

972

Merchandise Inventories

10,253

10,698

Other Current Assets

1,333

1,197

Total Current Assets

13,990

13,393

Property and Equipment, at cost

37,479

36,572

Less Accumulated Depreciation and Amortization

11,740

10,233

Net Property and Equipment

25,739

26,339

Notes Receivable

34

37

Goodwill

1,177

1,142

Other Assets

232

416

Total Assets

$

41,172

$

41,327

LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities:
Accounts Payable	$	4,849	$	4,820
Accrued Salaries and Related Expenses		1,252		1,110
Sales Taxes Payable		348		318
Deferred Revenue		1,143		1,151
Income Taxes Payable		102		287
Current Installments of Long-Term Debt		1,019		1,756
Other Accrued Expenses		1,570		1,643
Total Current Liabilities		10,283		11,085
Long-Term Debt, excluding current installments		8,655		9,660
Other Long-Term Liabilities		2,140		2,182
Deferred Income Taxes		317		354
Total Liabilities		21,395		23,281
STOCKHOLDERS EQUITY
Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.754 billion shares at February 3, 2013 and 1.733 billion shares at January 29, 2012; outstanding: 1.484 billion shares at February 3, 2013 and 1.537 billion shares at January 29, 2012		80		79
Paid-In Capital		6,297		6,038
Retained Earnings		13,633		12,381
Accumulated Other Comprehensive Income		355		(77)
Treasury Stock, at cost, 270 million shares at February 3, 2013 and 196 million shares at January 29, 2012		(588)		(375)
Total Stockholders Equity		19,777		18,046
Total Liabilities and Stockholders Equity	$	41,172	$	41,327

Selected information as on January 31, 2011:

Working capital	$	1,966
Cash and cash equivalents	$	594
Total assets	$	44,404
Total stockholders' equity	$	17,774

LIABILITIES AND STOCKHOLDERS EQUITY

2. Required information Assume that you are the credit manager of a medium-size supplier of building materials and related products. Home Depot wants to make credit purchases from your company, with payment due in 60 days. Instructions

a-1. Compute the current ratio for the fiscal years ending February 3, 2013, and January 29, 2012. (Round your answers to 2 decimal places.)

a-2. Compute the quick ratio for the fiscal years ending February 3, 2013, and January 29, 2012. (Round your answers to 2 decimal places.)

a-3. Compute the amount of working capital for the fiscal years ending February 3, 2013, and January 29, 2012.

a-4. Compute the percentage change in working capital from the prior year for the fiscal years ending February 3, 2013, and January 29, 2012. (Round your answers to 2 decimal place. i.e. 0.1234 as 12.34%.)

a-5. Compute the percentage change in cash and cash equivalents from the prior year for the fiscal years ending February 3, 2013, and January 29, 2012. (Round your answers to 2 decimal place. i.e. 0.1234 as 12.34%.)

a-1. Compute the percentage change relative to the previous year in net sales for the fiscal years ending February 3, 2013, and January 29, 2012. (Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%.)

a-2. Compute the percentage change in net earnings for the fiscal years ending February 3, 2013, and January 29, 2012. (Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%.)

a-3. Compute the Gross profit rate for the fiscal years ending February 3, 2013, and January 29, 2012. (Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%.) a-4. Compute the net income as a percentage of sales for the fiscal years ending February 3, 2013, and January 29, 2012 (Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%.)

a-5. Compute the return on average total assets for the fiscal years ending February 3, 2013, and January 29, 2012. (Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%.)

a-6. Compute the return on average total equity for the fiscal years ending February 3, 2013, and January 29, 2012. (Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%.)