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.