Financial Analysis of Home Depot
The consolidated statement of earnings shows data about the company Home Depot's sales, operating expenses, gross profit, and net profit and it also shows the weighted and diluted earnings per share. This statements also shows and tells the net sales of Home Deport and where it decreases in the 2008 from 2007 with $1673 and there is also a decrease in 2009 from 2008 in the amount of $6061. The cost of sales there is a decrease in the year of 2008 and in the year of 2009 from year 2007 and this is why the gross profit of Home depot has a decrease in these years. The operating expense of Home Depot show an increased in the year of 2008 and 2009 and from the year of 2007 because the increase in depreciation expenses and selling and administration expenses. This is why the operating income has a decrease of $2883 in the year of 2009 from the year of 2008(The Home Depot, 2008)