Question
Refer to the 10-K for The Home Depot. Required: 1. What does the company report for the following items for the most current fiscal year?
Refer to the 10-K for The Home Depot. Required: 1. What does the company report for the following items for the most current fiscal year? Enter your answer in millions. Hint: The notes accompanying the financial statements contain supplemental balance sheet information. a. Land $fill in the blank 1 8,543 b. Buildings $fill in the blank 2 18,838 c. Furniture, Fixtures, and Equipment $fill in the blank 3 15,119 d. Other $fill in the blank 4 6,301 e. Accumulated Depreciation $fill in the blank 5 24,096 f. Net Property, Plant, and Equipment $fill in the blank 6 24,705 g. Sales $fill in the blank 7 132,110 2. What depreciation method does the company use? Straight-line 3. Assume that the company projects the following: Investment in property, plant, and equipment is expected to grow by 10% in the next fiscal year. Accumulated depreciation and amortization will grow at a similar rate. Net sales are expected to increase by 2%. Assume all other items remain unchanged from the prior year. a. Land $fill in the blank 9 9,397 b. Buildings $fill in the blank 10 20,722 c. Furniture, Fixtures, and Equipment $fill in the blank 11 16,631 d. Other $fill in the blank 12 6,931 e. Accumulated Depreciation $fill in the blank 13 26,506 f. Net Property, Plant, and Equipment $fill in the blank 14 27,175 g. Sales $fill in the blank 15 134,752 Answer the following for the next fiscal year: h. Assuming a useful life of 10 years and no residual value, what is the expected amount of depreciation expense? Round your answer to the nearest million. $fill in the blank 16 million i. What is the fixed asset turnover ratio? Round your final answer to two decimal places. fill in the blank 17 j. What is the average age of fixed assets? Round your final answer to two decimal places. fill in the blank 18 years k. What is depreciation expense as a percentage of net sales? Round your answer to two decimal places. fill in the blank 19 %
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