Reference no: EM132436021

Question - Refer to the financial statements of The Home Depot in Appendix A at the end of this book. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. As with many retail companies, The Home Depot labels the period "Fiscal 2016" even though it ends in the 2017 calendar year. The label "Fiscal 2016" is appropriate because Fiscal 2016 includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.)

Required:

1. As of January 29, 2017, how many shares of common stock were authorized? How many shares were issued? How many shares were held in treasury?

10 billion; 1.772 billion; 1.252 billion

10 billion; 1.203 billion; 573 million

10 billion; 1.776 billion; 1.203 billion

10 billion; 1.776 billion; 573 million

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 29, 2017?

$7,957 million

$35,519 million

$3,404 million

$2.76 million

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?

Both net earnings and EPS increased.

Net earnings increased and EPS decreased.

Net earnings decreased and EPS increased.

Both net earnings and EPS decreased.