Locate the current year financial reports for Home Depot by clicking on the Investor Relations and Latest Annual Report link at www.homedepot.comLinks to an external site.. Also, refer to pages 17-4 through 17-10 in Chapter 17 of your textbook. a. Prepare a horizontal analysis of each item on the balance sheet and income statement comparing the last two years.

b. Prepare a vertical analysis of each item on the last two years of the income statement and balance sheet.