Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2021 for The Home Depot ran from February 1, 2021, to January 30, 2022. As with many retail companies, The Home Depot labels the period “Fiscal 2021” even though it ends in the 2022 calendar year. The label “Fiscal 2021” is appropriate because Fiscal 2021 includes 11 months from the 2021 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.)
Required:
How much did The Home Depot’s sales revenue increase or decrease in the year ended January 30, 2022?
multiple choice 1
Increased $3,567 (million)
Decreased $50,832 (million)
Decreased $5,552 (million)
Increased $19,047 (million)
What was the largest expense on the income statement for the year ended January 30, 2022, and how much did it change from the previous year?
multiple choice 2
Cost of Sales, which decreased $13,068 (million)
Selling, General and Administrative Expenses, which increased $959 (million)
Cost of Sales, which increased $13,068 (million)
Selling, General and Administrative Expenses, which increased $25,406 (million)
Which of the following was The Home Depot’s net profit margin in the year ended January 30, 2022?
multiple choice 3
$15.59
32.3%
10.9%
$50,832