a)
No, the Company is not using the straight-line method of depreciation because the depreciation under straight-line method for all the years should an equal amount or same amount but the depreciation expense for the last three years is $1,690, $1,640 & $1,627 millions for 2016, 2015 & 2014 respectively.
Therefore, the company is not using the straight-line method to calculate the depreciation.
b)
There is no statement given to state it False.
c)
The net income as on February 2015 is $6,345 millions.
Gross profit margin to sales ratio = Gross Profit / Sales * 100
= $28,389 / $83,176 * 100
= 34.13%
Current Ratio as on January 31, 2016 = Total Current Assets in January 31, 2016/ Total Current Liabilities in January 31, 2016
= $16,993 million / $12,526 million
= 1.36
Current Ratio as on February 1, 2015 = Total Current Assets in February 1, 2015/ Total Current Liabilities in February 1, 2015
= $15,302 million / $11,269 million
= 1.36
Net Cash flows from Operating activities as on February 2015 is $8,242 million.
Note: All the figures are taken from the given financial statements.
The Home Depot, Inc., financial statements appear in Appendix A at the end of this textbook. a. Identify where...
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