The following are the balance sheet and consolidated statement of earnings of The Home Depot, Incorporated:

THE HOME DEPOT, INCORPORATED

CONSOLIDATED BALANCE SHEETS

February $3,2019$ January $28,2018$ January $29,2017$

millions, except per share data

Assets

Current Assets:

Cash and Cash Equivalents $ $1,242$ $ $1,323$ $ $1,480$

Receivables, net $9859802,148$

Merchandise Inventories $10,71310,28312,669$

Other Current Assets $1,2101,334610$

Total Current Assets $14,15013,92016,907$

Net Property and Equipment $26,41425,63921,827$

Goodwill $1,1401,1882,093$

Other Assets $3982341,230$

Total Assets $ $42,102$ $ $40,98142,057$

Liabilities and stockholders$$ equity

Current Liabilities:

Short$-$Term Debt $ $550$ $ $360$ $ $710$

Accounts Payable $4,8095,4337,400$

Accrued Salaries and Related Expenses $1,1131,2611,484$

Sales Taxes Payable $317358508$

Deferred Revenue $1,1551,1451,769$

Income Taxes Payable $28710030$

Current Installments of Long$-$Term Debt $1,7661,012392$

Other Accrued Expenses $1,6241,5842,160$

Total Current Liabilities $11,62111,25314,453$

Long$-$Term Debt, excluding current installments $9,6548,6518,976$

Deferred Income Taxes $355317276$

Other Long$-$Term Liabilities $2,1782,1251,855$

Total Liabilities $24,60823,17427,053$

Common stock, par value $$0\mathrm{.}05$; authorized: $10,000$ shares; issued: $1,520$ at February $3,2019,1,540$ shares at January $28,2018$ and $1,580$ shares at January $29,2017$; outstanding: $1,152$ shares at February $3,2019,930$ shares at January $28,2018$ and $1,039$ shares at January $29,2017767779$

Paid$-$In Capital $6,0356,2945,899$

Retained Earnings $44,44657,09824,603$

Accumulated Other Comprehensive Loss $(83)(358)(659)$

Treasury stock, at cost$,388$ shares at February $3,2019,590$ shares at January $28,2018$ and $541$ shares at January $29,2017(32,980)(46,020)(37,870)$

Total stockholders$($deficit$)$ equity $17,49417,09169,110$

Total Liabilities and Stockholders$$ Equity $ $42,102$ $ $40,981$ $ $42,057$

THE HOME DEPOT, INCORPORATED

CONSOLIDATED STATEMENTS OF EARNINGS

Fiscal $2018$ Fiscal $2017$ Fiscal $2016$

in millions, except per share data

Net sales $ $66,179$ $ $71,305$ $ $77,367$

Cost of Sales $43,76247,28551,335$

Gross profit $22,41724,02026,032$

Operating Expenses:

Selling, General and Administrative $15,90017,83017,044$

Depreciation and Amortization $1,7001,7661,688$

Impairment loss $247$

Total Operating Expenses $17,84719,59618,732$

Operating income $4,5704,4247,300$

Interest and other $($income$)$ expense:

Interest and investment income $(28)(28)(81)$

Interest expense $664621693$

Other $159$

Interest and other, net $795593612$

Earnings before provision for income taxes $3,7753,8316,688$

Provision for Income Taxes $1,3441,2692,401$

Net earnings $ $2,431$ $ $2,562$ $ $4,287$

Basic weighted average common shares $1,5791,6421,728$

Basic earnings per share $ $1\mathrm{.}54$ $ $1\mathrm{.}56$ $ $2\mathrm{.}48$

Diluted weighted average common shares $1,5911,6501,589$

Diluted earnings per share $ $1\mathrm{.}53$ $ $1\mathrm{.}55$ $ $2\mathrm{.}70$

Fiscal $2018$ includes $53$ weeks. Fiscal $2017$ and fiscal $2016$ include $52$ weeks.

Comprehensive Problem $4($Algo$)$ Part $3$

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$-5.$ Compute the return on average total assets for the fiscal years ending February $3,2019,$ and January $28,2018.$