1 answer

The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc...

Question:

The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries.

THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
Fiscal Year Ended(1)
amounts in millions, except per share data January
31, 2016
February
1, 2015
February
2, 2014
NET SALES $ 88,519 $ 83,176 $ 78,812
Cost of Sales 58,254 54,787 51,897
GROSS PROFIT 30,265 28,389 26,915
Operating Expenses:
Selling, General and Administrative 16,801 16,280 16,122
Depreciation and Amortization 1,690 1,640 1,627
Total Operating Expenses 18,491 17,920 17,749
OPERATING INCOME 11,774 10,469 9,166
Interest and Other (Income) Expense:
Interest and Investment Income (166 ) (337 ) (12 )
Interest Expense 919 830 711
Interest and Other, net 753 493 699
EARNINGS BEFORE PROVISION FOR INCOME TAXES 11,021 9,976 8,467
Provision for Income Taxes 4,012 3,631 3,082
NET EARNINGS $ 7,009 $ 6,345 $ 5,385
Weighted Average Common Shares 1,277 1,338 1,425
BASIC EARNINGS PER SHARE $ 5.49 $ 4.74 $ 3.78
Diluted Weighted Average Common Shares 1,283 1,346 1,434
DILUTED EARNINGS PER SHARE $ 5.46 $ 4.71 $ 3.76

(1) Fiscal years ended January 31, 2016, February 1, 2015 and February 2, 2014 include 52 weeks.

THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
amounts in millions, except share and per share data January
31, 2016
February
1, 2015
ASSETS
Current Assets:
Cash and Cash Equivalents $ 2,216 $ 1,723
Receivables, net 1,890 1,484
Merchandise Inventories 11,809 11,079
Other Current Assets 1,078 1,016
Total Current Assets 16,993 15,302
Property and Equipment, at cost 39,266 38,513
Less Accumulated Depreciation and Amortization 17,075 15,793
Net Property and Equipment 22,191 22,720
Goodwill 2,102 1,353
Other Assets 1,263 571
Total Assets $ 42,549 $ 39,946
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Short-Term Debt $ 350 $ 290
Accounts Payable 6,565 5,807
Accrued Salaries and Related Expenses 1,515 1,391
Sales Taxes Payable 476 434
Deferred Revenue 1,566 1,468
Income Taxes Payable 34 35
Current Installments of Long-Term Debt 77 38
Other Accrued Expenses 1,943 1,806
Total Current Liabilities 12,526 11,269
Long-Term Debt, excluding current installments 20,888 16,869
Other Long-Term Liabilities 1,965 1,844
Deferred Income Taxes 854 642
Total Liabilities 36,233 30,624
STOCKHOLDERS’ EQUITY
Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.772 billion shares at
January 31, 2016 and 1.768 billion shares at February 1, 2015; outstanding: 1.252 billion
shares at January 31, 2016 and 1.307 billion shares at February 1, 2015
88 88
Paid-In Capital 9,347 8,885
Retained Earnings 30,973 26,995
Accumulated Other Comprehensive Loss (898 ) (452 )
Treasury Stock, at cost, 520 million shares at January 31, 2016 and 461 million shares at
February 1, 2015
(33,194 ) (26,194 )
Total Stockholders’ Equity 6,316 9,322
Total Liabilities and Stockholders’ Equity $ 42,549 $ 39,946

Selected information as on February 2, 2014:

Working capital $ 4,530
Cash balance $ 1,929
Total assets $ 40,518
Stockholders' equity $ 12,522

Assume that you are the credit manager of a medium-size supplier of building materials and related products. Home Depot wants to make credit purchases from your company, with payment due in 60 days.

Instructions:

a-1. Compute the current ratio for the fiscal years ending January 31, 2016, and February 1, 2015.

a-2. Compute the quick ratio for the fiscal years ending January 31, 2016, and February 1, 2015.

a-3. Compute the amount of working capital for the fiscal years ending January 31, 2016, and February 1, 2015.

a-4. Compute the percentage change in working capital from the prior year for the fiscal years ending January 31, 2016, and February 1, 2015.

a-5. Compute the percentage change in cash and cash equivalents from the prior year for the fiscal years ending January 31, 2016, and February 1, 2015.


Answers

Aoswer (uvrent Ratio for Fiscal years enldicg Jan 31, 2016 and feb.I,2015. Curregt Retla I5 the best mewes of short term. It2216 +1890 0.33 %3D far Jan3), 2016 Q4ick Ratio 12526 1723+ 1484 0.28 for Feb. , 2015 Qyich Rato I1269 woiking Capityl as onPor contage change in Working pl tal for Feb I 2015 $(4033-4530) f 4530 10.97% Pevcentage change ig cash g0l aush eyluglants

.

Similar Solved Questions

1 answer
Please help with #5 and #6!! Please show work if possible, thank you!! Current Carrying Wires:...
Please help with #5 and #6!! Please show work if possible, thank you!! Current Carrying Wires: Fields and Forces ---- ---- = 3A yo x =10 cm A long wire carrying is placed 10 cm away from the center of a loop carrying 3 A of current, clockwise as seem from above. The loop itself has a diameter of ...
1 answer
Pastina Company sells various types of pasta to grocery chains as private label brands. The company's...
Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below. Credits Debits 35,500 43,000 3,000 63,000 23,000 2,500 9,000 92,000 34,500 34,000 53,...
1 answer
A factory can make ice cream or popsicles. In the course of 1 day, the factory...
A factory can make ice cream or popsicles. In the course of 1 day, the factory can either make 1,000 gallons of ice cream or 3,000 popsicles. The opportunity cost of 1 gallon of ice cream is: Question 11 options: 1/3 of a popsicle. Zero popsicles--just make both at the same time. 3 po...
1 answer
If quantity demanded increases by 60% when price decreases by 40%, we can conclude that the...
If quantity demanded increases by 60% when price decreases by 40%, we can conclude that the good is:...
1 answer
An ac source 9 sin(601) Vis connected in series across Capacitor and diode. The turn on...
An ac source 9 sin(601) Vis connected in series across Capacitor and diode. The turn on voltage of the diode lis 1 Use the CVD model. The value of the capacitor is 5 microfarad. The charge on the plates of the capacitor is 5 micro-Coulombs attoo, with the left plate of the capacitor being at a highe...
1 answer
18. A routine addition of HBr through the double bond of a vinylcyclopentane gave A small...
18. A routine addition of HBr through the double bond of a vinylcyclopentane gave A small amount of an unexpected product. Propose a mechanism for formation of this product and explain why reorganization occurs. .CH3 НВг Br CH3...
1 answer
#14 in December 2016, Custom Mfg. established its predetermined overhead rate for lobs produced during 2017...
#14 in December 2016, Custom Mfg. established its predetermined overhead rate for lobs produced during 2017 by using the following cost predictions: overhead costs, $640,000, and direct materials costs, $400,000. At year-end 2017, the company's records show that actual overhead costs for the...
1 answer
15. Parker Company's sales are 50% in cash and 50% on credit. Seventy percent of the...
15. Parker Company's sales are 50% in cash and 50% on credit. Seventy percent of the credit sales are collected in the month of sale, 20% in the month following sale, and 5% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data: September Octob...
1 answer
Dropping a Segment Thalassines kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing...
Dropping a Segment Thalassines kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing losses on its bilge pump product line for several years. The most recent quarterly contribution format income statement for the bilge pump product line follows: Discontinuing the bilg...
1 answer
Hash Tables. (Hint: Diagrams might be helpful for parts a) and b). ) When inserting into...
Hash Tables. (Hint: Diagrams might be helpful for parts a) and b). ) When inserting into hash table we insert at an index calculated by the key modulo the array size, what would happen if we instead did key mod (array_size*2), or key mod (array_size/2)? (Describe both cases). Theory answer He...
1 answer
Identify limiting reactants (maximum product method). Consider the reaction of methane with ammonia and oxygen. 2CH4...
Identify limiting reactants (maximum product method). Consider the reaction of methane with ammonia and oxygen. 2CH4 (g) + 2NH3(g) + 302 (g) —2HCN (g) + 6H20 (1) Determine the limiting reactant in a mixture containing 175 g of CH4, 160 g of NH3, and 607 g of O2. Calculate the maximum mass (in ...
1 answer
#include <iostream> using namespace std; - // Guess the output for the below program. // Assume...
#include <iostream> using namespace std; - // Guess the output for the below program. // Assume address of a,b,c as 4004, 4008, 4016 respectively. int main() { float a = 12.5; int b = 10; double c = 3.1412; float aptr = &a; int *bptr = &b; double *cptr = &c; cout << "valu...
1 answer
Question 4 (3 pts) 1. (1 pts) Suppose you plan to deposit $100 into an account...
Question 4 (3 pts) 1. (1 pts) Suppose you plan to deposit $100 into an account in one year and $300 into the account in three years. How much will be in the account in five years if the interest rate is 8%? 2. (1 pts) You are considering an investment that will pay you $1000 in one year, $2000 in tw...
1 answer
1.IMPORT AND EXPORT VALUES OF FISH PRODUCTS FOR DIFFERENT REGIONS, INDICATING NET DEFICIT OR SURPLUS 2.What...
1.IMPORT AND EXPORT VALUES OF FISH PRODUCTS FOR DIFFERENT REGIONS, INDICATING NET DEFICIT OR SURPLUS 2.What are five take-always from reading the report entitled: The state of world fisheries and aquaculture?...
1 answer
You are given the sample mean and the popd tion standard deviation Use this information to...
You are given the sample mean and the popd tion standard deviation Use this information to con truct the 90% and 95% cor lidence intervall th interval From a random sample of 43 business days, the mean closing price of a certain stock was $117.42 Assume the population standard deviation is $10 The 9...
1 answer
Trying to figure out interest expense and premium on bonds payable :) Instructions Campbell Inc. produces...
Trying to figure out interest expense and premium on bonds payable :) Instructions Campbell Inc. produces and sells outdoor equipment. On July 1, 20Y1, Campbell issued $11,300,000 of 10-year, 11% bonds at a market (effective) interest rate of 9%, receiving cash of $12,769,867. Interest on the bonds...