Question
**The fiscal information is missing for 2016 on the CONSOLIDATED BALANCE SHEET** The following are the balance sheet and consolidated statement of earnings of The
**The fiscal information is missing for 2016 on the CONSOLIDATED BALANCE SHEET**
The following are the balance sheet and consolidated statement of earnings of The Home Depot, Inc.
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS | |||||||||
millions, except per share data | February 3, 2019 | January 28, 2018 | January 29, 2017 | ||||||
Assets | |||||||||
Current Assets: | |||||||||
Cash and Cash Equivalents | $ | 1,268 | $ | 1,326 | $ | 1,483 | |||
Receivables, net | 984 | 974 | 2,142 | ||||||
Merchandise Inventories | 10,768 | 10,198 | 12,584 | ||||||
Other Current Assets | 1,197 | 1,337 | 613 | ||||||
Total Current Assets | 14,217 | 13,835 | 16,822 | ||||||
Net Property and Equipment | 26,418 | 25,719 | 21,907 | ||||||
Goodwill | 1,137 | 1,178 | 2,083 | ||||||
Other Assets | 404 | 225 | 1,221 | ||||||
Total Assets | $ | 42,176 | $ | 40,957 | 42,033 | ||||
Liabilities and stockholders equity | |||||||||
Current Liabilities: | |||||||||
Short-Term Debt | $ | 590 | $ | 380 | $ | 610 | |||
Accounts Payable | 4,804 | 5,403 | 6,500 | ||||||
Accrued Salaries and Related Expenses | 1,114 | 1,250 | 1,484 | ||||||
Sales Taxes Payable | 323 | 343 | 608 | ||||||
Deferred Revenue | 1,160 | 1,139 | 1,669 | ||||||
Income Taxes Payable | 284 | 103 | 29 | ||||||
Current Installments of Long-Term Debt | 1,760 | 1,019 | 442 | ||||||
Other Accrued Expenses | 1,632 | 1,576 | 2,195 | ||||||
Total Current Liabilities | 11,667 | 11,213 | 13,537 | ||||||
Long-Term Debt, excluding current installments | 9,663 | 8,659 | 8,984 | ||||||
Deferred Income Taxes | 361 | 316 | 316 | ||||||
Other Long-Term Liabilities | 2,192 | 2,124 | 1,755 | ||||||
Total Liabilities | 24,682 | 23,135 | 25,945 | ||||||
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,620 at February 3, 2019, 1,640 shares at January 28, 2018 and 1,680 shares at January 29, 2017; outstanding: 1,256 shares at February 3, 2019 , 1,033 shares at January 28, 2018 and 1,142 shares at January 29, 2017 | 81 | 82 | 84 | ||||||
Paid-In Capital | 6,029 | 6,301 | 5,906 | ||||||
Retained Earnings | 43,723 | 56,865 | 24,743 | ||||||
Accumulated Other Comprehensive Loss | (83 | ) | (360 | ) | (661 | ) | |||
Treasury stock, at cost, 384 shares at February 3, 2019 , 587 shares at January 28, 2018 and 538 shares at January 29, 2017 | (32,256 | ) | (45,786 | ) | (36,584 | ) | |||
Total stockholders (deficit) equity | 17,494 | 17,102 | 67,978 | ||||||
Total Liabilities and Stockholders Equity | $ | 42,176 | $ | 40,957 | 42,033 | ||||
THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF EARNINGS | |||||||||||
in millions, except per share data | Fiscal 2018 | Fiscal 2017 | Fiscal 2016 | ||||||||
Net sales | $ | 66,177 | $ | 71,308 | $ | 77,357 | |||||
Cost of Sales | 43,757 | 47,292 | 51,349 | ||||||||
Gross profit | 22,420 | 24,016 | 26,008 | ||||||||
Operating Expenses: | |||||||||||
Selling, General and Administrative | 15,886 | 17,827 | 17,036 | ||||||||
Depreciation and Amortization | 1,704 | 1,774 | 1,683 | ||||||||
Impairment loss | 247 | ||||||||||
Total Operating Expenses | 17,837 | 19,601 | 18,719 | ||||||||
Operating income | 4,583 | 4,415 | 7,289 | ||||||||
Interest and Other (Income) Expense: | |||||||||||
Interest and Investment Income | (19 | ) | (19 | ) | (92 | ) | |||||
Interest Expense | 659 | 607 | 678 | ||||||||
Other | 151 | ||||||||||
Interest and Other, net | 791 | 588 | 586 | ||||||||
Earnings before provision for income taxes | 3,792 | 3,827 | 6,703 | ||||||||
Provision for Income Taxes | 1,350 | 1,260 | 2,407 | ||||||||
Net earnings | $ | 2,442 | $ | 2,567 | $ | 4,296 | |||||
Basic weighted average common shares | 1,559 | 1,622 | 1,708 | ||||||||
Basic earnings per share | $ | 1.57 | $ | 1.58 | $ | 2.52 | |||||
Diluted weighted average common shares | 1,571 | 1,630 | 1,569 | ||||||||
Diluted earnings per share | $ | 1.55 | $ | 1.57 | $ | 2.74 | |||||
Fiscal 2018 includes 53 weeks. Fiscal 2017 and fiscal 2016 include 52 weeks.
rev: 06_17_2020_QC_CS-216907
a-1. Compute the percentage change relative to the previous year in net sales for the fiscal years ending February 3, 2019, and January 28, 2018.
a-2. Compute the percentage change in net earnings for the fiscal years ending February 3, 2019, and January 28, 2018.
a-3. Compute the gross profit rate for the fiscal years ending February 3, 2019, and January 28, 2018.
a-4. Compute the net income as a percentage of sales for the fiscal years ending February 3, 2019, and January 28, 2018.
a-5. Compute the return on average total assets for the fiscal years ending February 3, 2019, and January 28, 2018.
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