please answer #1 and #2

Refer to the financial statements of The Home Depot in Appendix A at the end of this book. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. As with many retail companies, The Home Depot labels the period "Fiscal 2016" even though it ends in the 2017 calendar year. The label "Fiscal 2016" is appropriate because Fiscal 2016 Includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. How much does The Home Depot report for Cash and Cash Equivalents, and Restricted Cash (in millions) at January 29, 2017? $2,538 and $2,216 $2,538 and $2,029 $17.724 and $1,235 $2,538 and $0 2. Accompanying the financial statements are reports issued by management and an independent registered public accounting firm regarding the company's internal control. According to these reports, did the company maintain effective internal control over financial reporting? Management concluded:yes; independent registered public accounting firm concluded: yes. Management concluded: yes; independent registered public accounting firm concluded: no. Management concluded: no; independent registered public accounting firm concluded: yes. Management concluded: no; independent registered public accounting firm concluded: no. AS APPENDIX A Bxcerpts from the Fiscal 2016 Annual Report of The Home Depot. Inc. THE HOME DEPOT, INC. AND SUBSIDIARIES Consolidated Balance Sheets January 29, 2017 "Fiscal 2016" January 31, 2016 "Fiscal 2015" amounts in millions, except share and per share data ASSETS Current Assets: Cash and Cash Equivalents Receivables, net Merchandise Inventories Other Current Assets Total Current Assets Property and Equipment, at cost Les Accumulated Depreciation and Amortization Net Property and Equipment Goodwill Other Assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-Term Debt Accounts Payable Accrued Salaries and Reluted Expenses Sales Taxes Payable Deferred Revenue Income Taxes Payable Current Installments of Long Term Debt Other Accrued Expenses $ 2,538 2,029 12,549 608 17.724 40,426 18,512 21.914 2,093 1.235 S42,966 $ 2.216 1,890 11,809 569 16,484 39.266 17,075 22.191 2,102 1.196 $41.973 $ 350 6,565 1.315 476 $ 710 7.000 1,484 508 1.669 25 542 2.195 1.566 77 1.941 NPSN-el-damedu.M taste-diamhedin.com 1,06 25 542 2,195 14,133 22,349 1.855 296 38,633 Search Two Tone Chr.com INO 34 77 1.941 12,524 20.789 1,965 379 35,657 Der Teu Revue Income Taxes Payable Current installments of Long-Term Debt Other Accrued Expenses Total Current Liabilities Long-Term Debt, excluding current installments Other Long-Term Liabilities Deferred Income Taxes Total Liabilities STOCKHOLDERS' EQUITY Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.776 billion shares at January 29, 2017 and 1772 billion shares at January 31, 2016, outstanding: 1.203 billion shares at January 29, 2017 and 1.252 billion shares at January 31, 2016 Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Treasury Stock, at cost, 573 million shares at January 29, 2017 and 520 million shares at January 31, 2016 Total Stockholders' Equity Total Liabilities and Stockholders' Equity See accompanying Notes to Consolidated Financial Statements, 88 88 9,787 35,519 (867) (40,194) 9.347 30.973 (898) (33.194) 6,316 $41,973 $42.966 THE HOME DEPOT, INC. AND SUBSIDIARIES Consolidated Statements of Earnings Fiscal Year Ended) Jan. 31, 2016 Fiscal 2015 Feb. 1. 2015 "Fiscal 2014" 588,519 58,254 30.265 $83,176 54.787 28,389 16,801 1,690 16.280 1.640 17,920 18,491 11.774 10.469 Jan. 29, 2017 amounts in millions, except per share data "Fiscal 2016" NET SALES $94.595 Cost of Sales 62,282 GROSS PROFIT 32,313 Operating Expenses Selling. General and Administrative 17.132 Depreciation and Amortization 1,754 Total Operating Expenses 18.886 OPERATING INCOME 13.427 Interest and Other (Income) Expense: Interest and Investment Income (36) Interest Expense 972 Interest and Othernet 936 EARNINGS BEFORE PROVISION FOR INCOME TAXES 12.491 Provision for Income Taxes 4.534 NET EARNINGS $ 7,957 Weighted Average Common Shares 1,229 BASIC EARNINGS PER SHARE $ 6.47 Diluted Weighted Average Common Shures 1.234 DILUTED EARNINGS PER SHARE $ 6,45 (1) Fiscal year ended January 29, 2017 January 31, 2016, a Felwary 1, 2015 include 52 weeks See decompanying Notes o Consolidared Financial Statement (166) 919 753 11.021 4.012 (337) 830 493 9.976 3.631 S 6,345 1,338 $ 7.009 1.277 $5.49 1.283 $4.74 1.346 $ 5.46 $ 4.71 THE HOME DEPOT, INC. AND SUBSIDIARIES Consolidated Statements of Comprehensive Income Fiscal Year Ended Jan. 31, 2016 "Fiscal 2015 Feb. 1. 2015 "Fiscal 2014" $7,009 56,345 (412) amounts in millions Jan. 29, 2017 "Fiscal 2016" Net Earnings $7.957 Other Comprehensive Income (Loss): Foreign Currency Translation Adjustments Cash Flow Hedges, net of tax 34 Other Total Other Comprehensive Income (Los) 31 COMPREHENSIVE INCOME $7,988 (1) Fiscal years erued January 29, 2017 January 31, 2016, and Febrwery), 2015 include 52 weeks See accompanying Notes to Consolidated Financial Statements, (510) 11 (446) (498) $6,562 $5,847 THE HOME DEPOT, INC. AND SUBSIDIARIES Constiidated Statements of Stockholders' Equity Stockholders Equity $12,522 6,345 122 136 (510) 11 225 Accumulated Other Common Stock Paid-In Retained Comprehensive Treasury Stock amounts in millions, except per share data Shares Amount Capital Earnings Income (Loss) Shares Amount Balance, February 2, 2014 1,761 588 $8,402 $23,180 $ 46 (381) S(19,194 Net Earnings 6,345 Shares Issued Under Employee Stock Plans 7 122 Tax Effect of Stock-Based Compensation 136 Foreign Currency Translation Adjustments (510) Cash Flow Hedges, net of tax 11 Stock Options, Awards and Amortization 225 of Restricted Stock Repurchases of Common Stock (7.000) Cash Dividends ($1.88 per share) (2,530) Other Balance, February 1, 2015 1,768 588 $8.885 $26,995 $(452) (461) $(26.194) Net Earnings 7.009 Shares Issued Under Employee Stock Plans 73 Tax Effect of Stock-Based Compensation 145 Foreign Currency Translation Adjustments (412) Cash Flow Hedges, net of tax (34) Stock Options, Awards and Amortization 244 of Restricted Stock (80) (7,000) (2,530) 1 1 IIIIII $ 9,322 7,009 73 145 (412) (34) 244 MAL $88 58,885 $(452) (461) ${26,194) $26,995 7.0X19 $ 9,322 7,009 73 145 4 73 145 (412) (34) (412) (34) 244 1 -- - (59) (7.000) $88 $9,347 (3.031) $30,973 7.957 $(898) (520) Balance, February 1, 2015 1,768 Net Earnings Shares Issued Under Employee Stock Plans Tax Effect of Stock-Based Compensation Foreign Currency Translation Adjustments Cash Flow Hedges, net of tax Stock Options, Awards and Amortization of Restricted Stock Repurchases of Common Stock Cash Dividends ($2.36 per share) Balance, January 31, 2016 1.772 Net Earnings Shares Issued Under Employee Stock Plans Tax Effect of Stock-Based Compensation Foreign Currency Translation Adjustments Cash Flow Hedges, net of tax Stock Options, Awards and Amortization of Restricted Stock Repurchases of Common Stock Cash Dividends ($2.76 per sture) Other Balance, January 29, 2017 1,776 See accompanying Notes to Consolidated Financial Statements $(33.194) (7.000) (3,031) $ 6.316 7.957 76 4 76 LILIT 97 111 (3) 34 97 (3) 34 267 267 (53) (7.000) 11 (3.404) (7) $35,519 (7.000) (3,404) (7) $ 4,333 $88 $9,787 $(867) (573) S(40,194) THE HOME DEPOT, INC. AND SUBSIDIARIES Consolidate Statements of Cash Flows Jan. 29, 2017 "Fiscal 2016 Fiscal Year Ended Jan. 31, 2016 "Fiscal 2015" Feb 1, 2015 "Fiscal 2014" $7957 $7,009 56,345 1.973 267 1,863 244 1.786 225 (323) - amounts in millions CASH FLOWS FROM OPERATING ACTIVITIES: Net Earnings Reconciliation of Net Earnings to Net Cash Provided by Operating Activities: Depreciation and Amortization Stock-Based Compensation Expense Gain on Sales of Investments Changes in Assets and Liabilities, net of the effects of acquisitions: Receivables, net Merchandise Inventories Other Current Assets Accounts Payable and Accrued Expenses Deferred Revenue Income Taxes Payable Deferred Income Taxes Other Net Cash Provided by Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES: Capital Expenditures, net of $179. S165 and $217 of non-cash capital expenditures in fiscal 2016, 2015 and 2014, respectively Proceeds from Sales of Investments Payments for Businesses Acquired.net Proceeds from Sales of Property and Equipment (1.38) (769) (48) 446 99 109 (117) (181) (546) (5) 888 109 154 15 (81) (124) 199) 244 146 168 159 (104) 8.242 23) 9,783 9,373 (1.621) (1.503) (1.442) 144 (1.666) 43 323 (200) 48 38 (1.503) (1.442) 144 (1.666) 43 (2,982 323 (200) 48 (1.271) 38 (1,583) 4.959 CASH FLOWS FROM INVESTING ACTIVITIES: Capital Expenditures, net of $179, 5165 and 5217 of non-cash capital (1,621) expenditures in fiscal 2016, 2015 and 2014, respectively Proceeds from Sales of Investments Payments for Businesses Acquired, net Proceeds from Sales of Property and Equipment Net Cash Used in Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from Short-Term Borrowings, net 360 Proceeds from Long-Term Borrowings, net of discounts Repayments of Long-Term Debt (3,045) Repurchases of Common Stock (6,880) Proceeds from Sales of Common Stock 218 Cash Dividends Paid to Stockholders (3,404) Other Financing Activities (78) Net Cash Used in Financing Activities (7.870) Change in Cash and Cash Equivalents 330 Effect of Exchange Rate Changes on Cash and Cash Equivalents (8) Cash and Cash Equivalents at Beginning of Year 2,216 Cash and Cash Equivalents at End of Year $2,538 SUPPLEMENTAL DISCLOSURE OF CASH PAYMENTS MADE FOR: Interest, net of interest capitalized $ 924 Income Taxes $4,623 (Farcal years ended January 29, 2017. January 31, 2016, and February 1, 2015 include 52 weeks See accompanying Note to Consolidated Financial Statement 60 3.991 (39) (7.000) 228 (3.031) 4 (5,787 604 (111) 1,723 $2.216 290 1.981 (39) (7.000) 252 (2,530) (25 (7.071 (100) (106) 1.929 $1.723 S 874 $3,853 $ 782 $3,435