The financial statements for The Home Depot are presented in Appendix E at the end of the

Question:

The financial statements for The Home Depot are presented in Appendix E at the end of the text.

a. Determine for Home Depot:

1. The amount of the change (in millions) and percent of change in net earnings (net income) for the year ended February 2, 2003.

2. The percentage relationship between net earnings (net income) and net sales (net earnings divided by net sales) for the years ended February 2, 2003 and February 3, 2002.

b. What conclusions can you draw from your analysis?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...