The Home Depot, Inc. reported the following data in its 2012 Annual Report (for the fiscal year

Question:

The Home Depot, Inc. reported the following data in its 2012 Annual Report (for the fiscal year ended February 3, 2013):

Analyze:
1. What percentage of total current liabilities is made up of accrued salaries and related expenses at February 3, 2013?
2. By what amount did accrued salaries and related expenses change from fiscal 2012 to fiscal 2013?

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College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

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Question Posted: May 25, 2016 04:29 AM

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The Home Depot, Inc. reported the following data in its 2012 Annual Report (for the fiscal year

Question:

The Home Depot, Inc. and Subsidlarles Consolldated Balance Sheets (in millions except per share amoumts) Feb. 3, 2013 Jan. 29, 2012 Lurrent wobItieS Accrued salaries and related expenses 1,414 1,372 Total current liabilities 11,462 9,376

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