Question

The following financial data were adapted from the annual report of Home Depot for the period ended February 1, 2004.
 In millions
Accounts payable ............. $ 7,764
Accounts receivable ............ 1,097
Capital stock ............... 2,727
Cash ................... 2,826
Cost of goods sold ............ 44,236
Dividends ................ 595
Income taxes ............... 2,539
Interest expense ............. 62
Inventories ............... 9,076
Long-term debt .............. 2,332
Other assets ................ 1,375
Other expense ............... 27
Other liabilities ............. 1,934
Property, plant, and equipment ....... 20,063
Sales .................. 64,816
Selling, general, and administrative expenses .. 13,648
Instructions
1. Prepare Home Depot’s income statement for the year ended February 1, 2004.
2. Prepare Home Depot’s retained earnings statement for the year ended February 1, 2004.
3. Prepare a balance sheet as of February 1, 2004, for Home Depot.



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  • CreatedMay 29, 2012
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