Refer to the financial statements of The Home Depot for the 2010 fiscal year in Appendix A at the…

Refer to the financial statements of The Home Depot for the 2010 fiscal year in Appendix A at the end of this book, or download the annual report from the Cases section of the text’s Web site at www.mhhe.com/phillips4e. Required: 1. What amount of net income was reported (in millions) for the year ended January 30, 2011? a. $67,997 b. $14,995 c. $5,273 d. $3,338 2. What amount of sales revenue (in millions) was earned for the year ended January 30, 2011? a. $67,997 b. $14,995 c. $5,273 d. $3,338 3. What was the cost (in millions) of the company’s inventory on January 30, 2011? a. $44,693 b. $25,060 c. $10,625 d. $10,188 4. How much cash (in millions) does The Home Depot have on January 30, 2011? a. $14,995 b. $1,421 c. $878 d. $545 View Solution:
Refer to the financial statements of The Home Depot for