The Home Depot reported the following data (in millions) in its recent financial statements: a. Determine the
Question:
The Home Depot reported the following data (in millions) in its recent financial statements:
a. Determine the asset turnover for The Home Depot for Year 2 and Year 1. Round to two decimal places.
b. What conclusions can be drawn concerning the trend in the ability of The Home Depot to effectively use its assets to generate sales?
Transcribed Image Text:
Year 2 Year 1 Sales $108,203 $100,904 Total assets at the end of the year Total assets at the beginning of the year 44,003 44,529 44,529 42,966
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (9 reviews)
a The asset turnover for The Home Depot for Year 2 is 243 and for Year 1 is 235 b The as...View the full answer
Answered By
Ravi Tomar
I have 5 years of experience as an Agricultural Economics tutor. During this time, I have been able to successfully provide guidance to students in their studies and help them develop their knowledge and understanding of the subject. My approach to teaching has always been to combine academic learning with practical application, often drawing on my professional experience to help students better understand how the concepts they learn apply to the real world. I also focus on helping students develop critical thinking skills, enabling them to tackle problems independently and develop their own solutions. I have also been able to provide support on specific assignments, helping students to structure their work and ensure that it meets the required quality and standards.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
Question Posted:
Students also viewed these Business questions
-
The Home Depot reported the following data (in millions) in its financial statements for 2005 and 2004: a. Determine the ratio of net sales to average total assets for The Home Depot for 2005 and...
-
The Home Depot, Inc. reported the following data in its 2009 Annual Report (for the fiscal year ended January 31, 2010): Analyze: 1. What percentage of total current liabilities is made up of accrued...
-
The Home Depot, Inc. reported the following data in its 2009 Annual Report (for the fiscal year ended January 31, 2010): Number of employees at January 31, 2010.....................317,000 Percentage...
-
1. Does Amazon have a special responsibility to their employees given the current COVID-19 pandemic? Are they meeting this responsibility? Why or why not? 2. How should Amazon prioritize their...
-
Why is the use of a real-time network not recommended in machine control?
-
On May 1, 2025, Richardson Inc. entered into a contract to deliver one of its specialty mowers to Kickapoo Landscaping Co. The contract requires Kickapoo to pay the contract price of $900 in advance...
-
The comparative balance sheet of Fidelity Medical Supply at December 31, 2008, reported the following: Fidelity's transactions during 2008 included the following: Requirements 1. Prepare the...
-
Raj Kothare funded an irrevocable simple trust in May of last year. The trust benefits Raj's son for life and grandson upon the son's death. One of the assets he transferred to the trust was Webbco...
-
GRB Ltd has several product lines with a manager in charge of each product line. The managers are paid a bonus based on the net income generated by their product line. Rubica (the CEO of GRB Ltd) was...
-
Given the following sketches, generate an Excel spreadsheet: 1) Count the total degrees of freedom in the sketch. 2) Count the constraints 3) Provide the number of dimensions that are necessary to...
-
On July 31, 20Y7, the balances of the accounts appearing in the ledger of yang Interiors Company, a furniture wholesaler, are as follows: Accumulated Depr.Building ................. $443,000...
-
Kroger Co., a national supermarket chain, reported the following data (in millions) in its financial statements for a recent year: a. Compute the asset turnover. Round to two decimal places. b....
-
In a recent report, the top five most-visited English-language web sites were google.com (GOOG), facebook.com (FB), youtube.com (YT), yahoo.com (YAH), and wikipedia.com (WIKI). The most-visited web...
-
Wilco Inc. presents the following production cost data: DM Inventory, Jan 1 $10,000 DM Inventory, Dec 31 $11,000 WIP Inventory, Jan 1 $30,000 WIP Inventory, Dec 31 $32,000 FG Inventory, Jan 1 $80,000...
-
what extent does economic globalization, characterized by the liberalization of trade and the expansion of transnational corporations, contribute to global inequality and the stratification of wealth...
-
[0 1 4 . Determine if the columns of the matrix A= 1 2 -1 are linearly independent. Use 5 8 0 the result to find the solution of Ax =b for any b R3. What is the span of columns of A?
-
Seeing the distinction between short run and long run play out as companies responded to the surge in demand for surgical and respirator masks at the onset of the COVID-19 pandemic in March 2020. As...
-
How do global governance structures, such as the World Trade Organization and the International Monetary Fund, influence the trajectory of globalization, and what impact do these structures have on...
-
Sant Smoothie & Sweets Ltd. has been providing all natural granola bars to Coffee Beans Ltd., a private company, on a weekly basis over the past two years. Coffee Beans, thrilled with the quality of...
-
The registrar of a college with a population of N = 4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus. The following...
-
The chairman of the board of directors of the company for which you are chief accountant has told you that he has little use for accounting figures based on cost. He believes that replacement values...
-
The chairman of the board of directors of the company for which you are chief accountant has told you that he has little use for accounting figures based on cost. He believes that replacement values...
-
When revenue is generally recognized? Why has that date been chosen as the point at which to recognize the revenue resulting from the entire producing and selling process?
-
The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: Income statement information Net sales Net income Balance sheet information Current assets Property,...
-
A bond with face value of $1,000 has annual coupons, promised coupon rate of 8%, and 5 years to maturity. Investors require an expected return of 5% from this bond. The probability of default is 2%...
-
How does the increasing influence of technology on governance and civic participation affect democratic processes, and what safeguards are necessary to ensure that technology enhances rather than...
Study smarter with the SolutionInn App