The Home Depot reported the following data (in millions) in its financial statements: a. Determine the ratio
Question:
a. Determine the ratio of net sales to assets for The Home Depot for 2009 and 2008. Round to two decimal places.
b. What conclusions can be drawn from these ratios concerning the trend in the ability of The Home Depot to effectively use its assets to generatesales?
Transcribed Image Text:
2009 2008 Net sales Total assets at the end of the year Total assets at the beginning of the year 71,288 $77349 41,164 44,324 44,324 52,263
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a 2009 167 71288 41164 44324 2 2008 160 77349 44324 52263 2 b These ...View the full answer
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