Refer to Home Depot's Annual Report contained in Appendix C of the textbook.
Required
a. Identify the company's current-year and prior-year balances in total current assets, net property and equipment, total assets, total current liabilities, total liabilities, and total stockholders' equity.
b. Conduct horizontal analysis on each account balance in part a. What broad trend is indicated by the calculations? Round percentages to one decimal point (i.e.,10.1 %).
c. Identify the company's current-year and prior- year gross profit, operating income, earnings before income taxes, and net earnings.
d. Conduct horizontal analysis on each account balance in part c. What broad trend is indicated by the calculations? Round percentages to one decimal point (i.e.,10.1%).