In a recent years financial statements, Home Depot reported the following results. Compute and interpret Home Depots
Question:
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 5% return on assets).
Sales . . . . . . . . . . . . . . . . . . . . . . $71,288 million
Net income . . . . . . . . . . . . . . . . . . . 2,260 million
Average total assets . . . . . . . . . . . . 42,744 million
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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