Question

Financials

From this page, you can view the recent quarterly or annual financial statements of the company. In order to compare Home Depot Inc to a close competitor, Lowe's Companies Inc, we will use data for the quarter ending 7/30/2023 & 8/4/2023, respectively. Open the 10-Q of Home Depot Inc and Lowe's Companies Inc (link provided at the beginning of this project) and click on income statement or balance sheet of Home Depot Inc as requested below. Home Depot Inc Income Statement - Consolidated Statements of Earnings: Page 2 on Q2 & Q3 reports. Consolidated Balance Sheets: Page 1 on Q2 & Q3 reports. Lowe's Companies Inc Income Statement - Consolidated Statements of Earnings: Page 1 on Q2 & Q3 reports. Consolidated Balance Sheets: Page 2 on Q2 & Q3 reports. Notice that all numbers are in millions of dollars in the following part of the project. Write them down on your worksheet just as they are. For example, if it says $7,000, just write $7,000 or $7,000 million as your final answer, do not write $7,000,000,000.

through 16 pertain to Home Depot Inc:
1. From the quarterly Income Statement, what was the total revenue (net sales) for the quarter ending on 7/30/2023? *Use the 3 months ended value

Answer 1

The total revenue for Home Depot Inc for the quarter ending on 7/30/2023 cannot be identified from the information provided. Accurate data must be sourced from Home Depot Inc's 10-Q report or other reputable sources for a proper financial analysis.

Step-by-step explanation:

The total revenue (net sales) for Home Depot Inc for the quarter ending on 7/30/2023 cannot be determined from the provided information.

To answer the question, one would need access to Home Depot Inc's quarterly Income Statement for the specific quarter, which would typically be found in the company's 10-Q report filed with the Securities and Exchange Commission (SEC). When analyzing financial statements like the income statement, it is crucial to obtain the exact figures from reliable sources such as the SEC's EDGAR database or directly from the company's investor relations website.

The provided reference material concerning the profitability of S&P 500 companies after the 2009 recession, and depicting corporate profits recovery, does not supply specific financial data for Home Depot Inc. Therefore, to compare Home Depot with its competitor Lowe's Companies Inc, an accurate and direct reference to Home Depot's financial reports would be requisite for financial analysis and comparison.