Examining Home Dopot, Inc., Financial StatementsThe Home Depot, Inc., financial statements...

Examining Home Dopot, Inc., Financial Statements

The Home Depot, Inc., financial statements appear in Appendix A at the end of this textbook.

a. Does the company use straight-line depreciation? How can you tell?

b. At what point does the company recognize and record revenue from its customers?

c. Using information from the consolidated financial statements, evaluate briefly the company's profitability and liquidity.