The Home Depot, Inc., financial statements appear in Appendix A at the end of this textbook. a. Identify the financial statement from which you can tell that the company uses straight-line depreciation. Consolidated statements of cash flows Consolidated statements of earnings Significant accounting policies section of the notes accompanying the financial statements Consolidated balance sheets b. Which of the following statement is false? Revenue is recognized at the time customers take possession of merchandise or receive services Gift card breakage income is recognized based upon historical redemption patterns Revenue is recognized at the time of sales of merchandise c. Using information from the consolidated financial statements, calculate the following for the year ended February 3, 2013: a) Net income, b) Gross profit as a % of sales, c) Current ratio at February 3, 2013. d) Current ratio at the end of the previous year, and e) Net cash flows from operating activities