Financial Statements Paper Part I Home Depot

place terminal, Inc Financial Statements Cari Tenan ACC/497 October 1, 2012 Teresa Jenkinson theme Depot, Inc Financial Statements In 1978 Home Depot, combine was incorporated. Home Depot, incorporate is the worlds largest stomach improvement retailer selling an assortment of building materials, home improvement, lawn and garden products plus numerous services. In 2008, Home Depot, unified 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- frugal class for 2008 ended on February 1, 2009, and the monetary statements give an individual an idea of how the corporation did during that pecuniary family compared to the previous fiscal stratum (Phillips, Libby, Libby, 2011). Looking at the ternion major financial statements the consolidated statement of net profit or the income statement, balance sheet, and the bullion flow statement , helps an individual to understand how wholesome or not a company did during the twelvemonth. An individual bum even compare the financial statements with previous years to pair off where improvements may be needed. The consolidated statement of winnings 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 b ecause of the economic situation and a reces! sion in the United States. fire 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 coffin nail line was not reducing the selling and administrative expense...If you destiny to get a full essay, order it on our website: OrderCustomPaper.com

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