millions, except per share data February 3, 2019 January 28, 2018 January 29, 2017 ...
80.2K
Verified Solution
Question
Accounting
millions, except per share data | February 3, 2019 | January 28, 2018 | January 29, 2017 | ||||||
Assets | |||||||||
Current Assets: | |||||||||
Cash and Cash Equivalents | $ | 1,778 | $ | 3,595 | $ | 2,538 | |||
Receivables, net | 1,936 | 1,952 | 2,029 | ||||||
Merchandise Inventories | 13,925 | 12,748 | 12,549 | ||||||
Other Current Assets | 890 | 638 | 608 | ||||||
Total Current Assets | 18,529 | 18,933 | 17,724 | ||||||
Net Property and Equipment | 22,375 | 22,075 | 21,914 | ||||||
Goodwill | 2,252 | 2,275 | 2,093 | ||||||
Other Assets | 847 | 1,246 | 1,235 | ||||||
Total Assets | $ | 44,003 | $ | 44,529 | 42,966 | ||||
Liabilities and stockholders equity | |||||||||
Current Liabilities: | |||||||||
Short-Term Debt | $ | 1,339 | $ | 1,559 | $ | 710 | |||
Accounts Payable | 7,755 | 7,244 | 7,000 | ||||||
Accrued Salaries and Related Expenses | 1,506 | 1,640 | 1,484 | ||||||
Sales Taxes Payable | 656 | 520 | 508 | ||||||
Deferred Revenue | 1,782 | 1,805 | 1,669 | ||||||
Income Taxes Payable | 11 | 54 | 25 | ||||||
Current Installments of Long-Term Debt | 1,056 | 1,202 | 542 | ||||||
Other Accrued Expenses | 2,611 | 2,170 | 2,195 | ||||||
Total Current Liabilities | 16,716 | 16,194 | 14,133 | ||||||
Long-Term Debt, excluding current installments | 26,807 | 24,267 | 22,349 | ||||||
Deferred Income Taxes | 491 | 440 | 296 | ||||||
Other Long-Term Liabilities | 1,867 | 2,174 | 1,855 | ||||||
Total Liabilities | 45,881 | 43,075 | 38,633 | ||||||
Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,782 at February 3, 2019, 1,780 shares at January 28, 2018; and 1,776 shares at January 29, 2017;outstanding: 1,105 shares at February 3, 2019, 1,158 shares at January 28, 2018 and 1,203 shares at January 29, 2019 | 89 | 89 | 88 | ||||||
Paid-In Capital | 10,578 | 10,192 | 9,787 | ||||||
Retained Earnings | 46,423 | 39,935 | 35,519 | ||||||
Accumulated Other Comprehensive Loss | (772 | ) | (566 | ) | (867 | ) | |||
Treasury stock, at cost, 677 shares at February 3, 2019, 622 shares at January 28, 2018 and 573 shares at January 29, 2017 | (58,196 | ) | (48,196 | ) | (40,194 | ) | |||
Total stockholders (deficit) equity | (1,878 | ) | 1,454 | 4,333 | |||||
Total Liabilities and Stockholders Equity | $ | 44,003 | $ | 44,529 | $ | 42,966 | |||
THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF EARNINGS | |||||||||||
in millions, except per share data | Fiscal 2018 | Fiscal 2017 | Fiscal 2016 | ||||||||
Net sales | $ | 108,203 | $ | 100,904 | $ | 94,595 | |||||
Cost of Sales | 71,043 | 66,548 | 62,282 | ||||||||
Gross profit | 37,160 | 34,356 | 32,313 | ||||||||
Operating Expenses: | |||||||||||
Selling, General and Administrative | 19,513 | 17,864 | 17,132 | ||||||||
Depreciation and Amortization | 1,870 | 1,811 | 1,754 | ||||||||
Impairment loss | 247 | ||||||||||
Total Operating Expenses | 21,630 | 19,675 | 18,886 | ||||||||
Operating income | 15,530 | 14,681 | 13,427 | ||||||||
Interest and other (income) expense: | |||||||||||
Interest and investment income | (93 | ) | (74 | ) | (36 | ) | |||||
Interest expense | 1,051 | 1,057 | 972 | ||||||||
Other | 16 | ||||||||||
Interest and other, net | 974 | 983 | 936 | ||||||||
Earnings before provision for income taxes | 14,556 | 13,698 | 12,491 | ||||||||
Provision for Income Taxes | 3,435 | 5,068 | 4,534 | ||||||||
Net earnings | $ | 11,121 | $ | 8,630 | $ | 7,957 | |||||
Basic weighted average common shares | 1,137 | 1,178 | 1,229 | ||||||||
Basic earnings per share | $ | 9.78 | $ | 7.33 | $ | 6.47 | |||||
Diluted weighted average common shares | 1,143 | 1,184 | 1,234 | ||||||||
Diluted earnings per share | $ | 9.73 | $ | 7.29 | $ | 6.45 | |||||
Fiscal 2018 includes 53 weeks. Fiscal 2017 and fiscal 2016 include 52 weeks.
a-1. Compute the percentage change relative to the previous year in net sales for the fiscal years ending February 3, 2019, and January 28, 2018.
a-2. Compute the percentage change in net earnings for the fiscal years ending February 3, 2019, and January 28, 2018.
a-3. Compute the gross profit rate for the fiscal years ending February 3, 2019, and January 28, 2018.
a-4. Compute the net income as a percentage of sales for the fiscal years ending February 3, 2019, and January 28, 2018.
a-5. Compute the return on average total assets for the fiscal years ending February 3, 2019, and January 28, 2018.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.