Listed Below Is the Net Sales in $ Million for Home

question 11

Multiple Choice

Listed below is the net sales in $ million for Home Depot Inc., and its subsidiaries from 1994 to 2003. Using the printout below, what are the estimated sales for 2008?

• A) $90,618.6 Million
• B) $97,082.5 Million
• C) $84,154.7 Million
• D) $103,546.4 Million
• E) $71,227.0 Million

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Definitions:

Long-term Investments

Assets that a company intends to hold for more than a year, such as stocks, bonds, real estate, and other financial instruments.

Working Capital

Working capital is the difference between a company's current assets and current liabilities, indicating the liquidity available to run its operations.

Articles of Incorporation

A legal document that establishes a corporation's existence, filed with a governmental body in the jurisdiction where the corporation is headquartered.

Double Taxation

A situation where the same income is taxed twice: first at the corporate level on profits, and then again at the shareholder level on dividends received.