Refer to the financial statements of The Home Depot in Appendix A.

http://lectures.mhhe.com/c

Required:

1.

How much did The Home Depots sales revenue increase or decrease in the year ended February 2, 2014?

	Increased $850 (million)
	Increased $4,058 (million)
	Decreased $4,058 (million)
	Decreased $850 (million)

2.

What is the largest expense on the income statement for the year ended February 2, 2014, and how much did it change from the previous year?

	Selling, General and Administrative Expenses, which increased $89 (million)
	Cost of Sales, which increased $2,510 (million)
	Selling, General and Administrative Expenses, which decreased $1,400 (million)
	Cost of Sales, which decreased $2,779 (million)

3.

Which of the following was The Home Depots net profit margin in the year ended February 2, 2014?

	6.8%
	$5,385
	0.07%
	$3.78

onnect/0078025915/appendix_a.pdf