The financial statements for Home Depot are presented in Appendix E at the end of the text.

Question:

The for Home Depot are presented in Appendix E at the end of the text.
a. Determine the ratio of net sales to average total assets for Home Depot for the years ended February 2, 2003, and February 3, 2002.
b. What conclusions can be drawn from these ratios concerning the trend in the ability of Home Depot to effectively use its assets to generate sales?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...