Virginia State University Real World Financials Home Depot Report

Description

Real World Case 10-16 Property, plant, and equipment;

Real World Financials

EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (SEC). All publicly traded domestic companies use EDGAR to make the majority of their filings. (Some foreign companies file voluntarily.) Form 10-K, which includes the annual report, is required to be filed on EDGAR. The SEC makes this information available on the Internet.

Required:

1. Access EDGAR on the Internet. The web address is www.sec.gov.

2. Search for Home Depot, Inc. Access the 10-K filing for the most recent fiscal year. Search or scroll to find the financial statements and related notes. https://www.sec.gov/Archives/edgar/data/354950/000…

3. Answer the following questions related to the company’s property, plant, and equipment:

a. Name the different types of assets the company lists in its balance sheet under property, plant, and equipment.

b. How much cash was used for the acquisition of property, plant, and equipment during the year?

c. What was the amount of interest capitalized during the year?

d. Compute the fixed-asset turnover ratio for the fiscal year.

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