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

Exercise 1

Finding Financial Information
Refer to the financial statements of The Home Depot 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. As of January 30, 2011, how many shares of common stock were authorized How many shares were issued' How many shares were held in treasury
a. 10,000,000,000; 1,716,000,000:99,000,000
b. 10,000,000,000; 1,722,000,000; 18,000,000
c. Unlimited: 1,623,000,000; 18,000,000
d. 10,000,000,000; 1,722,000,000; 99,000,000
2. According to the Retained Earnings column in the Statement of Stockholders' Equity, what was the total dollar amount of cash dividends declared during the year ended January 30, 2011
a. $1,521,000,000
b. $1,525,000,000
c. $1,569,000,000
d. $2,608,000,000
3. According to the income statement, how has The Home Depot's net earnings and basic earnings per share changed over the past three years
a. Both net earnings and EPS increased.
b. Net earnings increased and EPS decreased.
c. Net earnings decreased and EPS increased.
d. Both net earnings and EPS decreased.