The following excerpt was taken from The Home Depot, Inc., 2015 Annual Report (for the fiscal year
Question:
Analyze:
1. By what amount has merchandise inventory increased or decreased from February 1, 2015, to January 31, 2016?
2. What percentage of current assets is attributable to inventories at January 31, 2016?
Transcribed Image Text:
Consolidated Balance Sheets January 31, February 01, (Dollars in millions) 2016 2015 Assets Current Assets: $ 2,216 $ 1,723 Cash and cash equivalents Receivables, net 1,890 1,484 11,809 11,079 Merchandise inventories 1,016 Other current assets 1,078 $16,993 $15,302 Total Current Assets
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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