What was the cost of the companys inventory on february

Assignment Help Accounting Basics
Reference no: EM13880365

Refer to the financial statements of The Home Depot for the 2013 fiscal year in Appendix A at the end of this book, or download the annual report from the Cases section in the Connect library. The Home Depot's 2013 fiscal year runs from February 4, 2013, to February 2, 2014.

Required:

1. What amount of net income was reported (in millions) for the year ended February 2, 2014?

a. $ 23,180

b. $ 78,812

c. $ 27,390

d. $ 5,385

2. What amount of sales revenue ( in millions) was earned for the year ended February 2, 2014?

a. $ 23,180

b. $ 78,812

c. $ 27,390

d. $ 5,385

3. What was the cost (in millions) of the company's inventory on February 2, 2014?

a. $ 1,929

b. $ 11,057

c. $ 531

d. $ 5,385

4. How much cash ( in millions) does The Home Depot have on February 2, 2014?

a. $ 1,929

b. $ 11,057

c. $ 531

d. $ 5,385

Reference no: EM13880365

Questions Cloud

Report in its income statement for the year ended : 1.On June 30, 2013, Papa Phil Inc. leased 200 pizza ovens for its chain of restaurants from Pizza Inc.
Determine competitive price and quantity of studded tires : Over their lifetimes, studded tires cause considerable road damage. The best estimate of total road damage is C = .25Q2
Define electronic human resource management and indicate : Define electronic human resource management and indicate its implications
What are the fin efficiency and effectiveness : What are the fin efficiency and effectiveness? If there are 125 such fins per meter of tube length what is the rate of heat transfer per unit length of tube?
What was the cost of the companys inventory on february : What amount of net income was reported (in millions) for the year ended February 2, 2014? What amount of sales revenue ( in millions) was earned for the year ended February 2, 2014? What was the cost (in millions) of the company's inventory on Februa..
Prepare the appropriate entries for antonescu sporting : Prepare the appropriate entries for Antonescu Sporting Goods (Lessee) on January 1, 2013 and December 31, 2013.
The volume of e-mail spam has grown exponentially : Large brokerage and financial service companies conduct intensive introductory training programs for new hires, many of whom, once trained, leave the company within the first year to work for competitors.
What is your unique selling proposition : First, tell us about your company or product. What is your unique selling proposition? How do you distinguish your product or company from your competitors?Now, think about how to communicate this information using the AIDA principle. Describe your a..
Identify the innovator from 1815-1860 : Identify the innovator from 1815-1860

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd