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Required information The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries. THE HOME DEPOT, INC. AND

Required information

The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries.

THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS
Fiscal Year Ended(1)
amounts in millions, except per share data January 31,2016 February 1, 2015 February 2, 2014
NET SALES $ 66,185 $ 71,291 $ 77,358
Cost of Sales 43,753 47,298 51,342
GROSS PROFIT 22,432 23,993 26,016
Operating Expenses:
Selling, General and Administrative 15,890 17,843 17,050
Depreciation and Amortization 1,691 1,771 1,697
Total Operating Expenses 17,581 19,614 18,747
OPERATING INCOME 4,851 4,379 7,269
Interest and Other (Income) Expense:
Interest and Investment Income (26 ) (26 ) (84 )
Interest Expense 665 608 687
Other (155 ) 155
Interest and Other, net 794 737 603
EARNINGS BEFORE PROVISION FOR INCOME TAXES 4,057 3,642 6,666
Provision for Income Taxes 1,348 1,276 2,403
NET EARNINGS $ 2,709 $ 2,366 $ 4,263
Weighted Average Common Shares 1,529 1,592 1,678
BASIC EARNINGS PER SHARE $ 1.77 $ 1.70 $ 2.54
Diluted Weighted Average Common Shares 1,541 1,600 1,539
DILUTED EARNINGS PER SHARE $ 1.76 $ 1.48 $ 2.77

(1) Fiscal years ended January 31, 2016, February 1, 2015 and February 2, 2014 include 52 weeks.

THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
amounts in millions, except share and per share data January 31, 2016 February 1, 2015
ASSETS
Current Assets:
Cash and Cash Equivalents $ 1,277 $ 1,222
Receivables, net 980 983
Merchandise Inventories 10,248 10,703
Other Current Assets 1,333 1,208
Total Current Assets 13,838 14,116
Property and Equipment, at cost 37,437 36,603
Less Accumulated Depreciation and Amortization 11,720 10,203
Net Property and Equipment 25,717 26,400
Goodwill 1,188 1,146
Other Assets 235 407
Total Assets $ 40,978 $ 42,069
LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities:
Short-Term Debt $ 390 $ 580
Accounts Payable 5,423 4,813
Accrued Salaries and Related Expenses 1,255 1,115
Sales Taxes Payable 361 326
Deferred Revenue 1,144 1,159
Income Taxes Payable 98 279
Current Installments of Long-Term Debt 1,014 1,765
Other Accrued Expenses 1,584 1,638
Total Current Liabilities 11,269 11,675
Long-Term Debt, excluding current installments 8,650 9,659
Other Long-Term Liabilities 2,137 2,181
Deferred Income Taxes 1,144 1,159
Total Liabilities 23,200 24,674
STOCKHOLDERS EQUITY
Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.754 billion shares at January 31, 2016 and 1.733 billion shares at February 1, 2015; outstanding: 1.484 billion shares at January 31, 2016 and 1.537 billion shares at February 1, 2015 84 83
Paid-In Capital 6,294 6,038
Retained Earnings 11,629 11,749
Accumulated Other Comprehensive Income 358 83
Treasury Stock, at cost, 270 million shares at January 31, 2016 and 196 million shares at February 1, 2015 (587 ) (392 )
Total Stockholders Equity 17,778 17,395
Total Liabilities and Stockholders Equity $ 40,978 $ 42,069

Selected information as on February 2, 2014:

Working capital $ 2,658
Cash balance $ 1,310
Total assets $ 44,394
Stockholders' equity $ 17,794

a-1. Compute the percentage change relative to the previous year in net sales for the fiscal years ending February 1, 2015, and January 31, 2016.

a-2. Compute the percentage change in net earnings for the fiscal years ending February 1, 2015, and January 31, 2016.

a-3. Compute the gross profit rate for the fiscal years ending February 1, 2015, and January 31, 2016.

a-4. Compute the net income as a percentage of sales for the fiscal years ending February 1, 2015, and January 31, 2016.

a-5. Compute the return on average total assets for the fiscal years ending February 1, 2015, and January 31, 2016.

a-6. Compute the return on average total equity for the fiscal years ending February 1, 2015, and January 31, 2016.

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