Question

Ch11 FFI Help Save & Exit 1 Refer to the financial statements of The Home Depot in Appendix A at the end of this book. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016 to January 29, 2017. As with many retail companies, The Home Depot labels the period "Fiscal 2016 even though it ends in the 2017 calendar year. The label "Fiscal 2016" is appropriate because Fiscal 2016 includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements) Required: 10 Dom 1. As of January 29, 2017, how many shares of common stock were authorized? How many shares were issued? How many shares were held in treasury?

Answer 1

1.

As on January 29,2017:

Number of Shares of Common stock Authorized = 10 billion shares

Number of Shares issued = 1.776 billion shares

Number of shares held in treasury = 573 million shares

THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS January 29, 2017 January 31, 2016 s $ 2,538 2,029 12,549 608 17,724 40,426 18,512 21,914 2,093 1,235 $ 42,966 2.216 1,890 11,809 569 16,484 39.266 17.075 22.191 2,102 1,196 41,973 $ $ 350 amounts in millions, except share and per share data ASSETS Current Assets: Cash and Cash Equivalents Receivables, net Merchandise Inventories Other Current Assets Total Current Assets Property and Equipment, at cost Less Accumulated Depreciation and Amortization Net Property and Equipment Goodwill Other Assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-Term Debt Accounts Payable Accrued Salaries and Related Expenses Sales Taxes Payable Deferred Revenue Income Taxes Payable Current Installments of Long-Term Debt Other Accrued Expenses Total Current Liabilities Long-Term Debt, excluding current installments Other Long-Term Liabilities Deferred Income Taxes Total Liabilities STOCKHOLDERS' EQUITY Common Stock, par value $0.05: authorized: 10 billion shares; issued: 1.776 billion shares at January 29, 2017 and 1.772 billion shares at January 31, 2016; outstanding: 1.203 billion shares at January 29, 2017 and 1.252 billion shares at January 31, 2016 Paid-In Capital Retained Earnings Accumulated Other Comprehensive Loss Treasury Stock at cost, 573 million shares at January 29, 2017 and 520 million shares at January 31, 2016 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 710 7,000 1,484 508 1,669 25 6,565 1,515 476 1,566 34 542 77 2,195 14,133 22,349 1,855 296 1.941 12,524 20,789 1,965 379 35,657 38,633 88 88 9,787 35,519 (867) 9,347 30.973 (898) (40,194) 4,333 42,966 (33.194) 6,316 41.973 $ $