Chapter 15.I, Problem 9RE

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Calculate the missing balance sheet items for Exercise 9, The Home Depot; Exercise 10, Amazon.com; and Exercise 11, Gap. Complete each company's column; then move on to the next column.

**THE BALANCE SHEET (in millions)**

Company Date |
The Home Depot, Inc. February 2, 2014 |

Current Assets | $15,279 |

Fixed and Other Assets—net | 25,239 |

Total Assets | 10,749 |

Current Liabilities | 17,247 |

Long-Term and Other Liabilities | |

Total Liabilities | |

Stockholders' Equity |

To determine

**To calculate:** The total assets, total liabilities and stockholder’s equity for The Home Depot if current assets is

Explanation

**Given Information:**

The Home Depotâ€™s current assets is

**Formula used:**

The equation for total asset is computed by adding current assets with fixed and other assets.

The equation for total liabilities is computed by adding current liabilities with long term and other liabilities.

The equation for stockholderâ€™s equity is computed by subtracting total liabilities from total assets.

**Calculation:**

Consider that the Home Depotâ€™s current assets is

Compute total assets by substituting current assets to

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