Financial Statements Paper Part I Home Depot

place terminal, Inc Financial Statements Cari Tenan ACC/497 October 1, 2012 Teresa Jenkinson inhabitation Depot, Inc Financial Statements In 1978 Home Depot, combine was incorporated. Home Depot, structured is the worlds largest shack improvement retailer selling an assortment of building materials, dental plate improvement, lawn and garden products plus numerous services. In 2008, Home Depot, merged had 2,233 stores throughout the unify States, Puerto Rico, the United States Virgin Islands, Guam, Canada, China, and Mexico plus a website on the Inter dough. The pecuniary socio- economical class for 2008 ended on February 1, 2009, and the monetary statements give an individual an idea of how the corporation did during that fiscal family compared to the previous fiscal class (Phillips, Libby, Libby, 2011). Looking at the third gear major financial statements the consolidated statement of fee or the income statement, balance sheet, and the money flow statem ent, helps an individual to understand how sanitary or not a company did during the category. An individual honk even compare the financial statements with previous years to check off where improvements may be needed. The consolidated statement of internet shows the lucrativeness of a company. The balance sheet shows the financial position of a company.

The cash flow statement shows where the cash came from and what the cash was employ for during a period. The consolidated statement of earnings for Home Depot Incorporated during the fiscal year 2008 shows revenue declining compared to the fiscal year 2007 because of the economic situation and a rec! ession in the United States. pull in earnings for fiscal year 2008 were $2.3 billion with dilute earnings per share of $1.34 compared to fiscal year 2007s net earnings of $4.4 billion and diluted earnings per share of $2.37. fiscal year 2008 is almost half the earnings in fiscal year 2007 because of tough economic situation. One impact on the dawn line was not reducing the selling and administrative expense...If you hope to get a full essay, order it on our website: OrderCustomPaper.com

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