Throughout this text, we have many assignments based on the financial statements of Home Depot, Inc., in

Question:

Throughout this text, we have many assignments based on the financial statements of Home Depot, Inc., in Appendix A. Refer to the financial statements to respond to the following items:

a. Does the company’s fiscal year end on December 31? How can you tell?

b. State the company’s most recent balance sheet in terms of A = L + E.

c. Did the company post more debits to the Cash account during the year than credits? How can you tell?

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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...