Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following are the balance sheet and consolidated statement of earnings of The Home Depot, Inc. millions, except per share data Assets Current Assets: Cash

The following are the balance sheet and consolidated statement of earnings of The Home Depot, Inc. millions, except per share data Assets Current Assets: Cash and Cash Equivalents Receivables, net Merchandise Inventories Other Current Assets Total Current Assets Net Property and Equipment Goodwill Other Assets Total Assets THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS Liabilities and stockholders' equity Current Liabilities: Short-Term Debt February 3, 2019 January 28, 2018 January 29, 2017 2,137 12,609 $ 10,703 1,261 $ 1,328 989 969 10,223 $ 1,485 1,198 1,339 615 14,151 13,859 16,846 26,327 25,767 21,895 1,137 1,173 2,078 405 228 1,224 $ 40,967 42,043 $ 42,020 Accounts Payable Accrued Salaries and Related Expenses Sales Taxes Payable Deferred Revenue Income Taxes Payable Current Installments of Long-Term Debt Other Accrued Expenses Total Current Liabilities Long-Term Debt, excluding current installments Deferred Income Taxes Other Long-Term Liabilities Total Liabilities 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: 1,300 shares at February 3, 2019, 1,066 shares at January 28, 2018 and 1,175 shares at January 29, 2017 $ 590 $ 360 $ 510 4,813 5,423 6,700 1,117 1,261 1,484 320 1,153 282 1,139 358 508 1,669 1,756 105 1,011 29 392 1,636 1,579 11,667 11,236 2,185 13,477 9,658 8,658 357 317 2,189 24,667 2,135 23,168 8,983 346 1,855 25,984 Paid-In Capital Retained Earnings Accumulated Other Comprehensive Loss 83 6,029 42,861 (80) 84 6,286 86 5,891 57,406 24,879 (355) (656) Treasury stock, at cost, 380 shares at February 3, 2019 shares at January 28, 2018 and 545 shares at January 29, 2017 Total stockholders' (deficit) equity 594 (31,540) 17,353 (46,332) 17,889 (36,515) 68,027 Total Liabilities and Stockholders' Equity $ 42,020 $ 40,967 42,043 in millions, except per share data Net sales Cost of Sales Gross profit Operating Expenses: Selling, General and Administrative Depreciation and Amortization Impairment loss Total Operating Expenses Operating income Interest and Other (Income) Expense: Interest and Investment Income Interest Expense Other Interest and Other, net Earnings before provision for income taxes Provision for Income Taxes THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF EARNINGS Fiscal 2018 Fiscal 2017 $ 66,189 Fiscal 2016 $ 71,291 $ 77,350 43,751 47,293 51,347 22,438 23,998 26,003 15,886 17,833 17,051 1,701 1,767 1,700 227 17,814 19,600 18,751 4,624 4,398 7,252 (24) (24) (74) 662 614 688 145 783 590 614 3,841 3,808 6,638 Net earnings Basic weighted average common shares Basic earnings per share Diluted weighted average common shares Diluted earnings per share $ 1,360 $ 2,481 1,589 $ 1.56 1,601 1.55 1,269 2,392 $ 2,539 $ 4,246 1,652 $ 1.54 1,660 $ 1,738 2.44 1,599 $ 1.53 $ 2.66 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 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Business Process Approach

Authors: Jane L. Reimers

1st Edition

0536633711, 978-0536633712

More Books

Students also viewed these Accounting questions

Question

6. Is all Internet training the same? Explain.

Answered: 1 week ago