Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Name: ***You must use cell references to earn credit. Home Depot Inc. Dollar amounts in Millions Percentages Common-Size Balance Sheets Jan. 30, 2022 Jan. 31,

Name: ***You must use cell references to earn credit.
Home Depot Inc. Dollar amounts in Millions Percentages
Common-Size Balance Sheets Jan. 30, 2022 Jan. 31, 2021 Jan. 30, 2022 Jan. 31, 2021
Current assets:
Cash and cash equivalents $ 2,343 $ 7,895
Receivables, net 3,426 2,992
Merchandise inventories 22,068 16,627
Other current assets 1,218 963
Total current assets 29,055 28,477
Net property and equipment 25,199 24,705
Operating lease right-of-use assets 5,968 5,962
Goodwill 7,449 7,126
Other assets 4,205 4,311
Total assets 71,876 70,581
Current liabilities:
Short-term debt 1,035 0
Accounts payable 13,462 11,606
Accrued salaries and related expenses 2,426 2,463
Sales taxes payable 848 774
Deferred revenue 3,596 2,823
Income taxes payable 158 193
Current installments of long-term debt 2,447 1,416
Current operating lease liabilities 830 828
Other accrued expenses 3,891 3,063
Total current liabilities 28,693 23,166
Long-term debt, excluding current installments 36,604 35,822
Long-term operating lease liabilities 5,353 5,356
Deferred income taxes 909 1,131
Other long-term liabilities 2,013 1,807
Total liabilities 73,572 67,282
Shareholders' (deficit)/equity:
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,792 shares at January30, 2022 and 1,789 shares at January31, 2021; outstanding: 1,035 shares at January30, 2022 and 1,077 shares at January31, 2021 90 89
Paid-in capital 12,132 11,540
Retained earnings 67,580 58,134
Accumulated other comprehensive loss (704) (671)
Treasury stock, at cost, 757 shares at January30, 2022 and 712 shares at January31, 2021 (80,794) (65,793)
Total stockholders' (deficit) equity (1,696) 3,299
Total liabilities and stockholders' equity $ 71,876 $ 70,581
#1 Answer the following questions below for the most recent year.
a. What are the company's 2 largest assets?
b. What are the company's 2 largest liabilities?
c. What percentage of total assets is financed by owners?
d. What percentage of total assets is financed by creditors?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Methods For Business

Authors: Donald Waters

5th Edition

273739476, 978-0273739470

More Books

Students also viewed these General Management questions

Question

1) L(21 1) dt 2) S 3) x(x + 1)dx -1 xdx 5) Jo Ji+ 2x

Answered: 1 week ago