Refer to the financial statements of The Home Depot in Appen

Refer to the financial statements of The Home Depot in Appendix A.

http://lectures.mhhe.com/c

How much did The Home Depot’s sales revenue increase or decrease in the year ended February 2, 2014?

What is the largest expense on the income statement for the year ended February 2, 2014, and how much did it change from the previous year?

Which of the following was The Home Depot’s net profit margin in the year ended February 2, 2014?

onnect/0078025915/appendix_a.pdf

Required:

1)Increased $4,058 (million)

78812-74754= 4058

2)Cost of Sales, which increased $2,510 (million)

51422-48912= 2510

3)6.8%

net profit margin= net earnings / total sales

= (5385/78812)*100=6.8