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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958 Exercise 14
An excerpt from the Consolidated Statements of Earnings for The Home Depot, Inc., is presented below. Review the financial data and answer the following analysis questions:
The data presented demonstrate a steady decrease in net sales over the three-year period. By what percentage have net sales of 2010 decreased from sales of 2008?
Analyze Online: Find the most recent consolidated statements of income on The Home Depot, Inc., Web site (www.homedepot.com). Click on Investor Relations then Financial Reports then Annual Reports, then select the link for the most recent annual report.
The data presented demonstrate a steady decrease in net sales over the three-year period. By what percentage have net sales of 2010 decreased from sales of 2008?
Analyze Online: Find the most recent consolidated statements of income on The Home Depot, Inc., Web site (www.homedepot.com). Click on Investor Relations then Financial Reports then Annual Reports, then select the link for the most recent annual report.
Explanation
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Income statement:
Identify the decrease...
College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
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