In a recent years financial statements, Home Depot reported the following results. Compute and interpret Home Depots

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In a recent year’s financial statements, Home Depot reported the following results. Compute and interpret Home Depot’s return on assets (assume competitors average a 8.0% return on assets).

Sales . . . . . . . . . . . . . . . . . . . . . . $67,997 million

Net income . . . . . . . . . . . . . . . . 3,338 million

Average total assets . . . . . . . . . . 40,501 million

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Nov 14, 2013 05:51 AM

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In a recent years financial statements, Home Depot reported the following results. Compute and interpret Home Depots

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Interpretation Its return of 82 is sli...View the full answer

Fundamental accounting principle

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