Required information The following are the balance sheet and consolidated statement of earnings of The Home Depot, Inc. THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February January January millions, except per share data 3, 2019 28, 2018 29, 2017 Assets Current Assets: Cash and Cash Equivalents $ 1,268 $ 1,328 $ 1,485 Receivables, net 984 972 2,140 Merchandise Inventories 10,753 10,223 12,609 Other Current Assets 1,193 1,340 616 Total Current Assets 14,193 13,863 16,350 Net Property and Equipment 26,329 25,669 21,857 Goodwill 1,149 1,177 2,082 other Assets 412 240 1,236 Total Assets $ 42,088 $ 40,949 42,025 Liabilities and stockholders' equity Current Liabilities: Short-Term Debt $ 580 5 390 $ 810 Accounts Payable 4,807 5,433 6,900 Accrued Salaries and Related Expenses 1,116 1,247 1,384 Sales Taxes Payable 319 342 508 Deferred Revenue 1,162 1,142 1,769 Income Taxes Payable 284 98 26 Current Installments of Long-Term Debt 1,759 1,014 342 other Accrued Expenses 1,631 1,583 2,180 Total Current Liabilities 11,658 11,249 13,919 Long-Term Debt, excluding current installments 9,662 8,657 8,982 Deferred Income Taxes 356 317 276 other Long-Term Liabilities 2:192 2:125 1:755 Total Liabilities 24.674 23.173 26.425 Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,660 at February 3, 2019, 1,680 shares at January 28, 2018 and 1,720 shares at January 29, 2017; outstanding: 1,307 shares at February 3, 2019 , 1,073 shares at January 28, 2018 and 1,182 shares at January 29, 2017 83 84 86 Paid-In Capital 6,037 6,298 5,903 Retained Earnings 43,083 57,408 24,141 Accumulated other Comprehensive Loss (84) (359) (660) Treasury stock, at cost, 373 shares at February 3, 2019 , 587 shares at January 28, 2018 and 538 shares at January 29, 2017 (31,705) (46,373) (37,660) Total stockholders' (deficit) equity 17.414 17.053 531450 Total Liabilities and Stockholders' Equity $ 42,088 $ 40,949 42,025 THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF EARNINGS Fiscal Fiscal Fiscal in millions, except per share data 2018 2017 2016 Net sales $66,191 $71,288 $77,353 Cost of Sales 43,760 47,298 51,332 Gross profit 22,431 23,990 26,021 Operating Expenses: Selling, General and Administrative 15,897 17,832 17,039 Depreciation and Amortization 1,703 1,778 1,689 Impairment loss 247 Total Operating Expenses 17,847 19,610 18,728 Operating income 4,584 4,380 7,293 Interest and other (Income) Expense: Interest and Investment Income (20) (20) (89) Interest Expense 658 611 685 other 152 Interest and other, net 790 591 596 Earnings before provision for income taxes 3,794 3,789 6,697 Provision for Income Taxes 1.354 1,273 2,407 Net earnings $ 2,440 $ 2,511 5 4,290 Basic weighted average common shares 1,519 1,582 1,668 Basic earnings per share $ 1.61 $ 1.59 $ 2.57 Diluted weighted average common shares 1,531 1,590 1,529 Diluted earnings per share $ 1.59 $ 1.58 $ 2.81 Fiscal 2018 includes 53 weeks. Fiscal 2017 and fiscal 2016 include 52 weeks. a-1. Compute the percentage change relative to the previous year in net sales for the scal years ending February 3, 2019, and January 28, 2018. 3-2. Compute the percentage change in net earnings for the fiscal years ending February 3, 2019, and January 28, 2018. 3-3. Compute the gross profit rate for the scal years ending February 3, 2019, and January 28, 2018. 3-4. Compute the net income as a percentage of sales for the fiscal years ending February 3, 2019, and January 28, 2018. 3-5. Compute the return on average total assets for the fiscal years ending February 3, 2019, and January 28. 2018. Assessment Tool iFrame :q A2 Req A3 Req A4 Req A5 Compute the percentage change relative to the previous year in net sales for the fiscal years ending February 3, 2019, and January 28, 2018. (Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%.) Percentage Change in Net Sales February 3, 2019 % January 28, 2018 %Req A1 Req A2 Req A3 Req A4 Req A5 Compute the percentage change in net earnings for the fiscal years ending February 3, 2019, and January 28, 2018. (Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%.) Percentage Change in Net Earnings February 3, 2019 % January 28, 2018 %Req Al Req A2 Req A3 Req A4 Req A5 Compute the gross profit rate for the fiscal years ending February 3, 2019, and January 28, 2018. (Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%.) Gross Profit Rate February 3, 2019 % January 28, 2018 %Req A1 Req A2 Req A3 Req A4 Req A5 Compute the net income as a percentage of sales for the fiscal years ending February 3, 2019, and January 28, 2018. (Round your percentage answers to 1 decimal place. i.e. 0.1234 as 12.3%.) Net Income as a Percentage of Sales February 3, 2019 % January 28, 2018 %Req A5 Compute the return on average total assets for the fiscal years ending February 3, 2019, and January 28, 2018. (Round your intermediate calculations to the nearest dollar amount and final percentage answers to 1 decimal place.i.e. 0.1234 as 12.3%.) Return on Average Total Assets February 3, 2019 % January 28, 2018 %