such as Home Depot‚ is a direct relationship between their fixed and variable costs. Apparently‚ Home Depot was taking advantage of their operating leverage in the years prior to 2006 and found this approach to be profitable. In fact‚ it appears they were gambling with the fact of whether the market was in a lull and would recover. Based upon their decline in 2007‚ they had underestimated the market. A major activity of management is to plan and control costs of the firm. Assuming‚ Home Depot
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HOME DEPOT INC. (Note: all $ amounts are stated in millions) PART 1 a) There are 3 years covered in the following primary comparative financial statements‚ namely fiscal years ended 1 February 2004‚ 2 February 2003 and 3 February 2002: • Consolidated Statement of Earnings • Statement of Stockholders Equity and Comprehensive Income • Consolidated Statements of Cash Flows There are 2 years covered in the Consolidated Balance Sheet‚ namely fiscal years ended 1 February 2004 and 2
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Conclusion Home Depot is a worldwide organization that focuses in the home improvement market‚ as well as provides product development for the construction industries. This strategically operated organization reflects the commitment from federal and provincial legislations in order to “take care of our people.” Home Depot pledges to create a safe work environment‚ and to treat everyone fairly. Home Depot is committed to customer service‚ and building strong relationships with costumers‚ venders
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For my report I chose The Home Depot‚ Inc. (HD) on the NYSE. The Home Depot’s fiscal year ended February 3rd 2013. The information used in this report came from the company’s annual report. This company is clearly a retailer. It purchases home improvement goods from manufacturers and resells those goods to the consumer. I chose the Home Depot because I am very familiar with the home improvement industry having spent ten years working in the field. While I was working on homes professionally‚ I became
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.............................................................................................3 History of Home Depot…………………………………………………………………………....4 Business risks related to capital structure…………………………………………………………5 Financial risk related to capital structure………………………………………………………….5 Home Depots Financial Status………….…………………………………………………............6 Future and Flexibility of Home Depot….…………………………………………………………7 Conclusion………………………………………………………………………………………...8 References…………………………………………………………………………………………9
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sure that the entire company is on the same page in terms of having clear company direction as well as complying with that direction the company is going in and spells out what the consequences are for not complying with said direction. As for Home Depot it seems that the company message has become diluted as it trickles down the leadership ladder into the stores. When I asked the in store associate development department supervisor which is the in store human resources person that does all the
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Evaluation of credit rating Memorandum: Credit Rating assignment: Home Depot‚ Inc. After analysing the financial statements of Home Depot‚ we have allocated a “C” rating of credit risk. The proposal is to start with the “C” rating and then to either upgrade to a “B” rating or to be down graded to a “D” rating. The reason for such a decision is discussed below. Home Depot has a current ratio of 1.19 to 1 which means that it’s current assets covers it’s current liabilities by 1.19 times.
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Home Depot Case Study Fabian Gonzalez Great Basin College Line and staff relationships consist of two types of authorities that work hand in hand in order for a company to work in an efficient manner. Line authority deals with the ability to make decisions over production‚ sales‚ or finance‚ while staff authority deals with the assisting of those who have line authority‚ by helping with the performance expected by workers (Certo). In the Home Depot case‚ the
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Financial Analysis of Home Depot For Fiscal Year Ending February 3‚ 2008 Presented by: Team FAB 5 Financial Analysis of Home Depot Introduction Founded in 1978 by Arthur Banks and Bernie Marcus‚ who were both fired from a local hardware store after a disagreement with their supervisor (http://founderbios.com/bernie-marcus.php)‚ Home Depot opened its first store in Atlanta‚ Georgia on June 22‚ 1979 (www.corporate.homedepot.com)
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Set up in the late 1970s‚ Home Depot grew rapidly over the 1980s and early 1990s‚ adding stores at the average annual rate of 20 percent. In the late 1990s‚ the company’s comparable store growth rate began declining. It was also experiencing operational difficulties due to its tardiness in developing systems to manage its rapid growth. In this situation‚ the board decided to bring new leadership to the company that can focus on new technologies‚ build efficiencies and reallocate resources while keeping
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