Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019, to February 2, 2020. As with many retail companies, The Home Depot labels the period Fiscal 2019 even though it ends in the 2020 calendar year. The label Fiscal 2019 is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.)

Required:

1. As of February 2, 2020, how many shares of common stock were authorized? How many shares were issued? How many shares were held in treasury?

multiple choice 1

$0.05 authorized; 10,000 issued; 1,786 in treasury

$0.05 authorized; 10,000 issued; 709 in treasury

10,000 million authorized; 1,786 million issued; 709 million in treasury

10,000 million authorized; 1,786 million issued; 1,077 million in treasury

1. According to the Retained Earnings section in the Statement of Stockholders Equity, what was the total dollar amount of cash dividends declared during the year ended February 2, 2020?

multiple choice 2

$11,242 million

$5,958 million

$11,121 million

$4,704 million

1. According to the income statement, how has The Home Depots net earnings and basic earnings per share changed over the past three years?

multiple choice 3

Both net earnings and EPS increased.

Net earnings increased and EPS decreased.

Net earnings decreased and EPS increased.

Both net earnings and EPS decreased.