Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 36

Finding Financial Information
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/philltps4e. (Note: The Home Depot's 2010 fiscal year runs from January 31, 2010, to January 30, 2011.)
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. $3,333
2. What amount of sales revenue (in millions) was earned for the year ended January 30, 20111
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