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January 29, 2017 "Fiscal 2016" January 31, 2016 "Fiscal 2015" $ 2,538 2,029 12,549 608 17,724 40,426 18,512 21,914 2,093 1,235 $42,966 $ 2,216 1.890 11.809 569 16,484 39.266 17.075 22,191 2,102 1.196 $41.973 $ 710 amounts in millions, except share and per share data ASSETS Current Assets: Cash and Cash Equivalents Receivables, net Merchandise Inventories Other Current Assets Total Current Assets Property and Equipment, at cost Less Accumulated Depreciation and Amortization Net Property and Equipment Goodwill Other Assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-Term Debt Accounts Payable Accrued Salaries and Related Expenses Sales Taxes Payable Deferred Revenue Income Taxes Payable Current Installments of Long-Term Debt Other Accrued Expenses Total Current Liabilities Long-Term Debt, excluding current installments Other Long-Term Liabilities Deferred Income Taxes Total Liabilities STOCKHOLDERS' EQUITY Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.776 billion shares at January 29, 2017 and 1.772 billion shares at January 31, 2016; outstanding: 1.203 billion shares at January 29, 2017 and 1.252 billion shares at January 31, 2016 Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Treasury Stock, at cost, 573 million shares at January 29, 2017 and 520 million shares at January 31, 2016 Total Stockholders' Equity Total Liabilities and Stockholders' Equity See accompanying Notes to Consolidated Financial Statements. 7,000 1,484 508 1,669 25 542 2,195 14,133 22,349 1,855 296 38,633 $ 350 6,565 1.515 476 1.566 34 77 1.941 12.524 20.789 1.965 379 35,657 88 88 9,787 35,519 (867) (40,194) 9.347 30.973 (898) (33,194) 4,333 $42,966 6.316 $41.973 Answer the following questions by referring to the financial statements of The Home Depot In Appendix A. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. As with many retail companies, The Home Depot labels the period **Fiscal 2016" even though it ends in the 2017 calendar year. The label "Fiscal 2016" is appropriate because Fiscal 2016 Includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) 1. Where does the company disclose the amount of Its Allowance for Doubtful Accounts? (Hint. The company refers to its Allowance for Doubtful Accounts as a "Valuation Reserve related to Accounts Receivable.") On the income statement. On the statement of cash flows. On both the income statement and balance sheet. O In the notes to the financial statements. 2. Compute the company's receivables turnover ratio and days to collect for the year ended January 29, 2017. (Use 365 days in a year.) 46.6 times and 78 days O 7.5 times and 48.7 days O 12.2 times and 30.0 days O 48.3 times and 7.6 days Answer the following questions by referring to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. As with many retail companies, The Home Depot labels the period **Fiscal 2016" even though it ends in the 2017 calendar year. The label "Fiscal 2016" is appropriate because Fiscal 2016 Includes 11 months from the 2015 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: What is the amount of Accumulated Depreciation and Amortization at January 29, 2017? What percentage Is this of the total cost of property and equipment? $18,512; 45.8% $21,914; 54.2% O $21,914; 51.0% $1,754; 22.0% What amount of Depreciation and Amortization Expense was reported for the year ended January 29, 2017? What percentage of net sales is it? $18,512; 45.8% $1,754; 9.3% $1,754; 1.9% O $1,754; 22.0% What is the fixed asset turnover ratio for the year ended January 29, 2017? 2.37 04.17 0429 4.32 January 29, 2017 "Fiscal 2016" January 31, 2016 "Fiscal 2015" $ 2,538 2,029 12,549 608 17,724 40,426 18,512 21,914 2,093 1,235 $42,966 $ 2,216 1.890 11.809 569 16,484 39.266 17.075 22,191 2,102 1.196 $41.973 $ 710 amounts in millions, except share and per share data ASSETS Current Assets: Cash and Cash Equivalents Receivables, net Merchandise Inventories Other Current Assets Total Current Assets Property and Equipment, at cost Less Accumulated Depreciation and Amortization Net Property and Equipment Goodwill Other Assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-Term Debt Accounts Payable Accrued Salaries and Related Expenses Sales Taxes Payable Deferred Revenue Income Taxes Payable Current Installments of Long-Term Debt Other Accrued Expenses Total Current Liabilities Long-Term Debt, excluding current installments Other Long-Term Liabilities Deferred Income Taxes Total Liabilities STOCKHOLDERS' EQUITY Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.776 billion shares at January 29, 2017 and 1.772 billion shares at January 31, 2016; outstanding: 1.203 billion shares at January 29, 2017 and 1.252 billion shares at January 31, 2016 Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Treasury Stock, at cost, 573 million shares at January 29, 2017 and 520 million shares at January 31, 2016 Total Stockholders' Equity Total Liabilities and Stockholders' Equity See accompanying Notes to Consolidated Financial Statements. 7,000 1,484 508 1,669 25 542 2,195 14,133 22,349 1,855 296 38,633 $ 350 6,565 1.515 476 1.566 34 77 1.941 12.524 20.789 1.965 379 35,657 88 88 9,787 35,519 (867) (40,194) 9.347 30.973 (898) (33,194) 4,333 $42,966 6.316 $41.973 Answer the following questions by referring to the financial statements of The Home Depot In Appendix A. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. As with many retail companies, The Home Depot labels the period **Fiscal 2016" even though it ends in the 2017 calendar year. The label "Fiscal 2016" is appropriate because Fiscal 2016 Includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) 1. Where does the company disclose the amount of Its Allowance for Doubtful Accounts? (Hint. The company refers to its Allowance for Doubtful Accounts as a "Valuation Reserve related to Accounts Receivable.") On the income statement. On the statement of cash flows. On both the income statement and balance sheet. O In the notes to the financial statements. 2. Compute the company's receivables turnover ratio and days to collect for the year ended January 29, 2017. (Use 365 days in a year.) 46.6 times and 78 days O 7.5 times and 48.7 days O 12.2 times and 30.0 days O 48.3 times and 7.6 days Answer the following questions by referring to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. As with many retail companies, The Home Depot labels the period **Fiscal 2016" even though it ends in the 2017 calendar year. The label "Fiscal 2016" is appropriate because Fiscal 2016 Includes 11 months from the 2015 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: What is the amount of Accumulated Depreciation and Amortization at January 29, 2017? What percentage Is this of the total cost of property and equipment? $18,512; 45.8% $21,914; 54.2% O $21,914; 51.0% $1,754; 22.0% What amount of Depreciation and Amortization Expense was reported for the year ended January 29, 2017? What percentage of net sales is it? $18,512; 45.8% $1,754; 9.3% $1,754; 1.9% O $1,754; 22.0% What is the fixed asset turnover ratio for the year ended January 29, 2017? 2.37 04.17 0429 4.32

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