Prepare home depot income statement for the year ended

Reference no: EM131526359

Question: The following financial data were adapted from the annual report of Home Depot for the period ended February 1, 2004.

In millions

Accounts payable $ 7,764

Accounts receivable 1,097

Capital stock 2,727

Cash 2,826

Cost of goods sold 44,236

Dividends 595

Income taxes 2,539

Interest expense 62

Inventories 9,076

Long-term debt 2,332

Other assets 1,375

Other expense 27

Other liabilities 1,934

Property, plant, and equipment 20,063

Sales 64,816

Selling, general, and administrative expenses 13,648

Instructions: 1. Prepare Home Depot's income statement for the year ended February 1, 2004.

2. Prepare Home Depot's retained earnings statement for the year ended February 1, 2004.

3. Prepare a balance sheet as of February 1, 2004, for Home Depot.

Reference no: EM131526359

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