Selected financial statement information for Home Depot is given in the table below. Using this…

Selected financial statement information for Home Depot is given in the table below. Using this information, answer the following questions: (all numbers in millions) Retained earnings balance — 01/29/06 $28,686 million1. Compute Home Depot’s retained earnings balance at the end of each year.2. Divide dividends by net income for each year. The result is termed the “dividend payout ratio.” Did Home Depot’s dividend payout ratio increase or decrease overtime?
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Selected financial statement information for Home Depot is given

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