The following table is from the Home Depot website. The table presents the condensed consolidated statements of earnings for Home Depot, Inc., showing figures in millions for two periods ending May 1, 2022, and May 2, 2021. This information is unaudited.### Condensed Consolidated Statements of Earnings**In millions, except per share data**| Description | Three Months Ended | |----------------------------------------|--------------------| | | May 1, 2022 | May 2, 2021 || Net sales | $38,908 | $37,500 || Cost of sales | 25,763 | 24,758 || **Gross profit** | 13,145 | 12,742 || Operating expenses: | | || - Selling, general and administrative | 6,610 | 6,374 || - Depreciation and amortization | 606 | 587 || **Total operating expenses** | 7,216 | 6,961 || **Operating income** | 5,929 | 5,781 || Interest and other (income) expense: | | || - Interest income and other, net | (3) | (6) || - Interest expense | 372 | 339 || **Interest and other, net** | 369 | 333 || **Earnings before provision for income taxes** | 5,560 | 5,448 || Provision for income taxes | 1,329 | 1,303 || **Net earnings** | $4,231 | $4,145 |Below the table, there is a selection of numbers:- 5560- 5929- 4145- 5781These numbers represent different financial figures from the statements that could be used in calculations, such as EBIT for operating cash flow (OCF) analysis for Q1 of 2022.

In this question, we are required to determine the EBIT for Q1 of May 2022.

The following table is from the Home Depot Website. Which number should be used for EBIT in order to calculating the component of Operating Cashflows (OCF), for Q1 of 2022 (in millions). THE HOME DEPOT, INC. CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS in millions, except per share data Net sales Cost of sales Gross profit Operating expenses: Selling, general and administrative Depreciation and amortization Total operating expenses Operating income Interest and other (income) expense: Interest income and other, net Interest expense Interest and other, net Earnings before provision for income taxes Provision for income taxes Net earnings O 5560 5929 O4145 O 5781 (Unaudited) $ $ Three Months Ended May 1, 2022 38,908 $ 25,763 13.145 6,610 606 7,216 5,929 (3) 372 369 5,560 1,329 4,231 May 2, 2021 37,500 24,758 12.742 6,374 587 6.961 5,781 (6) 339 333 5,448 1,303 4,145 4

The following table is from the Home Depot Website. Which number should be used for EBIT in order to calculating the component of Operating Cashflows (OCF), for Q1 of 2022 (in millions). THE HOME DEPOT, INC. CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS in millions, except per share data Net sales Cost of sales Gross profit Operating expenses: Selling, general and administrative Depreciation and amortization Total operating expenses Operating income Interest and other (income) expense: Interest income and other, net Interest expense Interest and other, net Earnings before provision for income taxes Provision for income taxes Net earnings O 5560 5929 O4145 O 5781 (Unaudited) $ $ Three Months Ended May 1, 2022 38,908 $ 25,763 13.145 6,610 606 7,216 5,929 (3) 372 369 5,560 1,329 4,231 May 2, 2021 37,500 24,758 12.742 6,374 587 6.961 5,781 (6) 339 333 5,448 1,303 4,145 4

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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