Refer to the financial statements of The Home Depot for the 2013 fiscal year in Appendix A at the end of this book, or download the annual report from the Cases section in the Connect library. The Home Depot’s 2013 fiscal year runs from February 4, 2013, to February 2, 2014.
Required:
1. What amount of net income was reported (in millions) for the year ended February 2, 2014?
a. $ 23,180
b. $ 78,812
c. $ 27,390
d. $ 5,385
2. What amount of sales revenue ( in millions) was earned for the year ended February 2, 2014?
a. $ 23,180
b. $ 78,812
c. $ 27,390
d. $ 5,385
3. What was the cost (in millions) of the company’s inventory on February 2, 2014?
a. $ 1,929
b. $ 11,057
c. $ 531
d. $ 5,385
4. How much cash ( in millions) does The Home Depot have on February 2, 2014?
a. $ 1,929
b. $ 11,057
c. $ 531
d. $ 5,385