Refer to the 2015 Form 10-K (for the fiscal year ended January 31, 2016) for The Home

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Refer to the 2015 Form 10-K (for the fiscal year ended January 31, 2016) for The Home Depot, Inc.
Based on the data presented in the consolidated statements of earnings, answer the following:
a. What approximate income tax rate does the company pay?
b. Did the company record an accrual for current income tax payable for the year ended January 31, 2016? If so, on which statement did you locate this information?

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College Accounting Chapters 1-30

ISBN: 978-1259631115

15th edition

Authors: John Price, M. David Haddock, Michael Farina

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