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Calculate the Gross Margin of the most recent year.  Enter answer as decimal

Calculate the Gross Margin of the most recent year.  Enter answer as decimal

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate the Gross Margin of the most recent year.  Enter answer as decimal (not percent.  Example:  .1234 is ok, 12.34% is not ok).

Balance Sheets Annual Financials for Home Depot Inc. Assets Fiscalyearis February-lanuary. Allvalues USD miliors. 2018 2019 2020 Cash & Short Term Investments 3,600 1,780 2,130 Total Accounts Receivable 1,950 1,940 2,110 Bad Debt/Doubtful Accounts Other Receivables Inventories 12,750 13,930 14,530 Progress Payments & Other Other Current Assets 838 890 1,040 Miscellaneous Current Assets 838 890 1,040 Total Current Assets 18,930 18,530 19,810 Net Property, Plant & Equipment 22,080 22,380 28,370 Property, Plant & Equi pment- Gross 41.410 42,940 Buildings 18,070 18,200 Land & Improvements 8,350 8,360 Computer Software and Equipment Other Property, Plant & Equipment 13,140 14,170 Accumulated Depreciation 19,340 20,560 Total Investments and Advances Other Long-Term Investments Long-Term Note Receivable Intangible Assets 2,280 2,250 2,250 Net Goodwill 2,280 2,250 2,250 Net Other Intangibles Other Assets 1.130 726 807 Tangible Other Assets 1.130 726 807 Total Assets 44,530 44,000 51,240 Liabilities & Shareholders' Equity ST Debt & Current Portion LT Debt 2,018 2,019 2,020 2,780 2,400 3,640 Short Term Debt 1,580 1,340 Current Portion of Long Term Debt 1,200 1,080 1,840 Accounts Payable 7,240 7,760 7,790 Income Tax Payable Other Current Liabilities 54 11 6,140 6,580 6,950 Dividends Payable Accrued Payroll 1,640 1,510 1.490 Miscellaneous Current Liabilities 4,500 5,050 5,450 Total Current Liabilities 16,190 18,720 18,380 Long-Term Debt 24,270 26,810 33,740 Provisi on for Risks & Charges Deferred Taxes 321 370 Other Liabilities 2,170 1,870 2,240 Total Liabilities 43,080 45,880 54,350 Common Equity (Total) 1,450 -1,880 -3,120 Common Stock Par/Carry Value 89 89 Retained Earnings 39,940 46,420 Cumulative Adjus t/Unrealized For. Exch. Gain Unrealized Gain/Loss Ma rketable Securities Treasury Stock Total Shareholders' Equity -48,200 -58,200 1.450 -1,880 -3, 120 Accumulated Minority Interest Total Equity 1,450 - 1,880 -3,120 Liabilities & Shareholders' Equity 44,530 44,000 51,240
Transcribed Image Text:Balance Sheets Annual Financials for Home Depot Inc. Assets Fiscalyearis February-lanuary. Allvalues USD miliors. 2018 2019 2020 Cash & Short Term Investments 3,600 1,780 2,130 Total Accounts Receivable 1,950 1,940 2,110 Bad Debt/Doubtful Accounts Other Receivables Inventories 12,750 13,930 14,530 Progress Payments & Other Other Current Assets 838 890 1,040 Miscellaneous Current Assets 838 890 1,040 Total Current Assets 18,930 18,530 19,810 Net Property, Plant & Equipment 22,080 22,380 28,370 Property, Plant & Equi pment- Gross 41.410 42,940 Buildings 18,070 18,200 Land & Improvements 8,350 8,360 Computer Software and Equipment Other Property, Plant & Equipment 13,140 14,170 Accumulated Depreciation 19,340 20,560 Total Investments and Advances Other Long-Term Investments Long-Term Note Receivable Intangible Assets 2,280 2,250 2,250 Net Goodwill 2,280 2,250 2,250 Net Other Intangibles Other Assets 1.130 726 807 Tangible Other Assets 1.130 726 807 Total Assets 44,530 44,000 51,240 Liabilities & Shareholders' Equity ST Debt & Current Portion LT Debt 2,018 2,019 2,020 2,780 2,400 3,640 Short Term Debt 1,580 1,340 Current Portion of Long Term Debt 1,200 1,080 1,840 Accounts Payable 7,240 7,760 7,790 Income Tax Payable Other Current Liabilities 54 11 6,140 6,580 6,950 Dividends Payable Accrued Payroll 1,640 1,510 1.490 Miscellaneous Current Liabilities 4,500 5,050 5,450 Total Current Liabilities 16,190 18,720 18,380 Long-Term Debt 24,270 26,810 33,740 Provisi on for Risks & Charges Deferred Taxes 321 370 Other Liabilities 2,170 1,870 2,240 Total Liabilities 43,080 45,880 54,350 Common Equity (Total) 1,450 -1,880 -3,120 Common Stock Par/Carry Value 89 89 Retained Earnings 39,940 46,420 Cumulative Adjus t/Unrealized For. Exch. Gain Unrealized Gain/Loss Ma rketable Securities Treasury Stock Total Shareholders' Equity -48,200 -58,200 1.450 -1,880 -3, 120 Accumulated Minority Interest Total Equity 1,450 - 1,880 -3,120 Liabilities & Shareholders' Equity 44,530 44,000 51,240
Calculate the Gross Margin of the most recent year. Enter answer as decimal (not percent. Example: .1234 is ok, 12.34% is not ok). Annual Finandals for Home DepotInc. INCOME STATEMENTS Pacal yeer is reb-lan Al val ues US0 milions. Sales/Revenue Cost of Goods Sold (COGS) incl. D&A 68,360 72910 74,640 COGS exduding DBA 2018 2019 2020 100,900 108 200 110,230 56,300 70,760 72,350 Depreciation& Amortization Experee 2.000 2,150 2,300 Depreciation 2.080 Amortization of Intangibles Gross Income SGBA Expense Research & Development 76 32,550 35,290 35,580 17,690 19,510 19,740 Other SG&A 17,690 19,510 Other Operating Expense Unusual Expense 170 247 EBIT after Unusual Expense 14,600 15,530 Non Operating Income/Expense Non-Operating Interest income Equity in Affilliates (Pretax) -18 74 93 73 Interest Expense Gross Interest Expense 1,000 1,050 1,200 1,060 1,050 1,200 Interest Capitalized Pretax Income 13,700 14,560 14,720 Income Tax 5,070 3,440 3,470 Consalidated Net Income 8,630 11,120 11,240 Minority Interest Expense Net Income (before extraord & Pref Div) 8,630 11,120 11,240 Dtraordineries & Dicontinued operetione Net Income After Extraordinaries 8,630 11,120 11,240 Prefemred Dividends Net Income Available to Common 8,630 11,120 11,240 EPS (Basic) 10 10 Basic Shares Outstanding 1,180 1,140 1,090 EPS (Diluted) 10 10 Diluted Shares Outstanding 1,180 1,140 1,100 EBITDA 16,910 17,930 18,140
Transcribed Image Text:Calculate the Gross Margin of the most recent year. Enter answer as decimal (not percent. Example: .1234 is ok, 12.34% is not ok). Annual Finandals for Home DepotInc. INCOME STATEMENTS Pacal yeer is reb-lan Al val ues US0 milions. Sales/Revenue Cost of Goods Sold (COGS) incl. D&A 68,360 72910 74,640 COGS exduding DBA 2018 2019 2020 100,900 108 200 110,230 56,300 70,760 72,350 Depreciation& Amortization Experee 2.000 2,150 2,300 Depreciation 2.080 Amortization of Intangibles Gross Income SGBA Expense Research & Development 76 32,550 35,290 35,580 17,690 19,510 19,740 Other SG&A 17,690 19,510 Other Operating Expense Unusual Expense 170 247 EBIT after Unusual Expense 14,600 15,530 Non Operating Income/Expense Non-Operating Interest income Equity in Affilliates (Pretax) -18 74 93 73 Interest Expense Gross Interest Expense 1,000 1,050 1,200 1,060 1,050 1,200 Interest Capitalized Pretax Income 13,700 14,560 14,720 Income Tax 5,070 3,440 3,470 Consalidated Net Income 8,630 11,120 11,240 Minority Interest Expense Net Income (before extraord & Pref Div) 8,630 11,120 11,240 Dtraordineries & Dicontinued operetione Net Income After Extraordinaries 8,630 11,120 11,240 Prefemred Dividends Net Income Available to Common 8,630 11,120 11,240 EPS (Basic) 10 10 Basic Shares Outstanding 1,180 1,140 1,090 EPS (Diluted) 10 10 Diluted Shares Outstanding 1,180 1,140 1,100 EBITDA 16,910 17,930 18,140
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