Home Depot€™s annual report appears as follows in summary form. (This information was obtained from the company€™s Web site, www.homedepot.com.

Required:

a. The financial information in the company€™s annual report was prepared primarily for shareholders and creditors in accordance with U.S. GAAP. Does the income statement provide enough detailed information for managers at Home Depot? Explain.

b. Provide at least three additional detailed pieces of financial information that would help managers evaluate performance at Home Depot.

c. Provide at least two non-financial measures that would help managers evaluate performance at Home Depot.

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Home Depot Consolidated Income Statement for the Years Ended February 1, 2015 and February 2, 2014 (in millions) 2015 2014 $ 83,176 $ 78,812 Revenue Expenses: Cost of goods sold (54,222) (18,485) (51,422) (18,224) Selling and administrative expenses Income taxes and other expenses (4,124) $ 6,345 (3,781) $ 5,385 Net income