This is Home Depot's Balance sheet with $ change and % change over thenpast 3 years. I
Fantastic news! We've Found the answer you've been seeking!
Question:
This is Home Depot's Balance sheet with $ change and % change over thenpast 3 years. I need a projected balance sheet for the years 2024-2026. I will also need an assumption of why you think the projection will be what it is. Please I really need help.
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/66491a2ebbb1a_86266491a2e3da29.jpg)
Transcribed Image Text:
Home Depot Corporation Horizontal Analysis of Balance As of January 31, 2021, January 30, 2022, and January 29, 2023 $s in millions Jan. 29, 2023 $ change % change Jan. 30, 2022 $ change % change Jan. 31, 2021 Assets Current assets: 3 Cash and cash equivalents $ 9 Receivables, net 0 Merchandise inventories 2,757 $ 414 3,317 $ (109) 24,886 $ 2,818 17.67% $ 2,343 $ (5,552) -70.32% $ 7,895 -3.18% 3,426 $ 434 14.51% 2,992 12.77% 22,068 $ 5,441 32.72% 16,627 1 Other current assets 2 Total current assets 1,511 $ 32,471 $ 3,416 293 24.06% 1,218 $ 255 26.48% 963 11.76% 29,055 $ 578 2.03% 28,477 3 Net property and equipme 4 Operating lease right-of-us 25,631 $ 432 1.71% 25,199 $ 494 2.00% 24,705 6,941 $ 973 16.30% 5,968 $ 6 0.10% 5,962 5 Goodwill 7,444 $ (5) -0.07% 7,449 $ 323 4.53% 7,126 6 Other assets 3,958 $ (247) -5.87% 4,205 $ (106) -2.46% 4,311 7 Total assets $ 76,445 $ 4,569 6.36% $ 71,876 $ 1,295 1.83% $ 70,581 18 ilities and Stockholders' Eq 19 20 Current liabilities: Short-term debt $ 21 Accounts payable 11,443 $ (1,035.00) $(2,019.00) -100.00% $ 1,035 $ 1,035 -15.00% 13,462 $ 1,856 15.99% 11,606 22 ed salaries and related expi 1,991 $ (435.00) -17.93% 2,426 $ (37) -1.50% 2,463 23 Sales taxs payable 528 $ (320.00) -37.74% 848 $ 74 9.56% 774 24 Deferred revenue 3,064 $ (532.00) -14.79% 3,596 $ 773 27.38% 2,823 25 Income taxes payable 26 Current installments of lon 27 rrent operating lease liabilit 28 Other accrued expenses 29 Total current liabilities 30 debt, excluding current in 31 g-term operating lease liabi 32 Deferred income taxes 33 Other long-term liabilities 50 $ (108.00) -68.35% 158 $ (35) -18.13% 193 1,231 $(1,216.00) -49.69% 2,447 $ 1,031 72.81% 1,416 945 $ 115.00 3,858 $ (33.00) 23,110 $(5,583.00) 41,962 $5,358.00 6,226 $ 13.86% 830 $ 2 0.24% 828 -0.85% 3,891 $ 828 27.03% 3,063 -19.46% 28,693 $ 5,527 23.86% 23,166 14.64% 36,604 $ 782 2.18% 35,822 873.00 16.31% 5,353 $ (3) -0.06% 5,356 1,019 $ 110.00 12.10% 909 $ (222) -19.63% 1,131 2,566 $ 553.00 27.47% 2,013 $ 34 Total liabilities 35 36 Common stock 37 Paid-in capital 38 Retained earnings 74,883 $1,311.00 1.78% 73,572 $ 206 6,290 11.40% 1,807 9.35% 67,282 90 $ 0.00% 12,592 $460.00 3.79% 90 $ 12,132 $ 1 1.12% 89 592 5.13% 11,540 76,896 $9,316.00 13.79% 67,580 $ 9,446 16.25% 58,134 39 hulated other comprehensiv $ 40 Treasury Stock 41 al stockholders' (deficit) eq $ 42 iabilities and stockholders' $ 43 $ (718) $ (14.00) (87,298) $(6,504.00). 1,562 $3,258.00 76,445 $4,569.00 1.99% $ 8.05% $ -192.10% $ 6.36% $ (704) $ (80,794) $ (15,001) (33) 4.92% $ (671) 22.80% $ (65,793) (1,696) $ 71,876 $ (4,995) 1,295 -151.41% 3,299 1.83% $ 70,581 Home Depot Corporation Horizontal Analysis of Balance As of January 31, 2021, January 30, 2022, and January 29, 2023 $s in millions Jan. 29, 2023 $ change % change Jan. 30, 2022 $ change % change Jan. 31, 2021 Assets Current assets: 3 Cash and cash equivalents $ 9 Receivables, net 0 Merchandise inventories 2,757 $ 414 3,317 $ (109) 24,886 $ 2,818 17.67% $ 2,343 $ (5,552) -70.32% $ 7,895 -3.18% 3,426 $ 434 14.51% 2,992 12.77% 22,068 $ 5,441 32.72% 16,627 1 Other current assets 2 Total current assets 1,511 $ 32,471 $ 3,416 293 24.06% 1,218 $ 255 26.48% 963 11.76% 29,055 $ 578 2.03% 28,477 3 Net property and equipme 4 Operating lease right-of-us 25,631 $ 432 1.71% 25,199 $ 494 2.00% 24,705 6,941 $ 973 16.30% 5,968 $ 6 0.10% 5,962 5 Goodwill 7,444 $ (5) -0.07% 7,449 $ 323 4.53% 7,126 6 Other assets 3,958 $ (247) -5.87% 4,205 $ (106) -2.46% 4,311 7 Total assets $ 76,445 $ 4,569 6.36% $ 71,876 $ 1,295 1.83% $ 70,581 18 ilities and Stockholders' Eq 19 20 Current liabilities: Short-term debt $ 21 Accounts payable 11,443 $ (1,035.00) $(2,019.00) -100.00% $ 1,035 $ 1,035 -15.00% 13,462 $ 1,856 15.99% 11,606 22 ed salaries and related expi 1,991 $ (435.00) -17.93% 2,426 $ (37) -1.50% 2,463 23 Sales taxs payable 528 $ (320.00) -37.74% 848 $ 74 9.56% 774 24 Deferred revenue 3,064 $ (532.00) -14.79% 3,596 $ 773 27.38% 2,823 25 Income taxes payable 26 Current installments of lon 27 rrent operating lease liabilit 28 Other accrued expenses 29 Total current liabilities 30 debt, excluding current in 31 g-term operating lease liabi 32 Deferred income taxes 33 Other long-term liabilities 50 $ (108.00) -68.35% 158 $ (35) -18.13% 193 1,231 $(1,216.00) -49.69% 2,447 $ 1,031 72.81% 1,416 945 $ 115.00 3,858 $ (33.00) 23,110 $(5,583.00) 41,962 $5,358.00 6,226 $ 13.86% 830 $ 2 0.24% 828 -0.85% 3,891 $ 828 27.03% 3,063 -19.46% 28,693 $ 5,527 23.86% 23,166 14.64% 36,604 $ 782 2.18% 35,822 873.00 16.31% 5,353 $ (3) -0.06% 5,356 1,019 $ 110.00 12.10% 909 $ (222) -19.63% 1,131 2,566 $ 553.00 27.47% 2,013 $ 34 Total liabilities 35 36 Common stock 37 Paid-in capital 38 Retained earnings 74,883 $1,311.00 1.78% 73,572 $ 206 6,290 11.40% 1,807 9.35% 67,282 90 $ 0.00% 12,592 $460.00 3.79% 90 $ 12,132 $ 1 1.12% 89 592 5.13% 11,540 76,896 $9,316.00 13.79% 67,580 $ 9,446 16.25% 58,134 39 hulated other comprehensiv $ 40 Treasury Stock 41 al stockholders' (deficit) eq $ 42 iabilities and stockholders' $ 43 $ (718) $ (14.00) (87,298) $(6,504.00). 1,562 $3,258.00 76,445 $4,569.00 1.99% $ 8.05% $ -192.10% $ 6.36% $ (704) $ (80,794) $ (15,001) (33) 4.92% $ (671) 22.80% $ (65,793) (1,696) $ 71,876 $ (4,995) 1,295 -151.41% 3,299 1.83% $ 70,581
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Assume a portfolio of two assets, with $10m invested in asset 1 and $5m invested in asset 2. The per pound covariance matrix of the two assets is: Asset 1 Asset 2 The best hedge of asset 2 is: Asset...
-
Allenby Company has operating assets of $20,000,000. The companys operating income for the most recent accounting period was $2,640,000. The Fisher Division of Allenby controls $7,500,000 of the...
-
Describe the differences between a traditional audit and an integrated audit (i.e., an audit of a company registered in the United States).
-
Unearned Revenue had a balance of $650 at the end of November and $450 at the end of December. Service Revenue was $2,550 for the month of December. How much cash was received for services provided...
-
Utech Company has income before irregular items of $310,000 for the year ended December 31, 2014. It also has the following items (before considering income taxes): an extraordinary fire loss of...
-
Let f(x) be the piecewise defined function 4x - 3, if x
-
Internal control has one fundamental principle: Segregation of duties. Please briefly describe how a credit sale transaction could be separated into 4 different stages and assigned to 4 different...
-
The case is heard in the court that has jurisdiction over the subject in controversy. The judge presides over court proceedings and decides questions of law. The jury reviews the facts of a case...
-
Standard liability policies include (1) insurance agreement, (2) defense and settlement, (3) policy period, and (4) amount payable by the insurance company.
-
Policy conditions require that if the insured does not comply with the conditions of the policy, forfeiture of the policy and nonpayment of claims against it could result.
-
A motion to dismiss a case can be made before, during, or after the trial. The motion alleges that the plaintiffs complaint does not set forth a claim or cause of action that is recognized by law. ...
-
Authority of corporations Express corporate authority is delegated by statute. Implied corporate authority is invoked in cases in which authority not specifically granted in the articles of...
-
The following information was available as of the close of business June 1, 2004, on government of Canada bonds. CouponMaturityPriceYield6.00%June 1, 2005111.852.7912.40%June 1,...
-
As water moves through the hydrologic cycle, water quality changes are common because of natural phenomena or anthropogenic pollution. Using Figure 11.1, describe how water-quality changes occur...
-
How does authority become power?
-
What are the downsides of using coercive power? What are its benefits?
-
How does having extensive social networks help garner power?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App