Use the attached annual report.© BrainMass Inc. brainmass.com March 21, 2019, 10:25 pm ad1c9bdddf
What does the income statement tell you about the company?
The income statement summarizes the transactions with customers (sales) and assets or services used in selling to customers (expenses) for the three years presented.
The consolidated statement of earnings (page 28) tells me that their sales are down from prior years ($71 billion, down from $77 and $79 billion in 2008 and 2007). It tells me that overall profits are down too (See 2,260 versus 4,395 and 5,761). Not surprisingly, EPS is also down in 2009! The company has fewer transactions with customers and lower profits as a result in 2009 than the prior two years.
What does the balance sheet tell you about the company?
The balance sheet shows the assets (resources that have ...
Your tutorial is 408 words and answers in two ways. First, it describes what each statement tells you in general (not specific to Home Depot). Then it tells you what you learned about Home Depot specifically from their Annual Report for the period ended Feb 1, 2009.