Comparative income statements and balance sheets for the warehouse retailer Home Depot are given in Exercise E11.10
Question:
Comparative income statements and balance sheets for the warehouse retailer Home Depot are given in Exercise E11.10 in Chapter 11 for fiscal year 2005. Reformulate those statements and explain what determined the change in operating profitability (RNOA) from 2004 to 2005.The tax rate for 2005 is 37.7 percent, and 38.2 percent for 2004.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
First reformulate the statements then carry out an analysis of profitability followed up with an analysis of the changes in profitability The reformulated statements Reformulated Income Statements 200...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The Korbin Company comparative income statements and balance sheets for years 20X4, 20X3, and 20X2 included the following items: Required: Express the income statement data in common size...
-
Comparative income statements and balance sheets for Merck ($millions) follow: Required a. Use the following ratios to prepare a projected income statement, balance sheet, and statement of cash flows...
-
Comparative income statements and balance sheets for Merck ($ millions) follow: Required: a. Use the following ratios to prepare a projected income statement, balance sheet, and statement of cash...
-
Judy Baker is a new employee of Farnsdel and Babcock, LLP. Which of the following will provide proof of employment authorization for the completion of the I-9? 1. U.S. passport 2. U.S. military...
-
Pacific Gas and Electric Company is a large gas and electric utility operating in northern and central California. Three recent years of financial data for Pacific Gas and Electric Company are as...
-
Solve the equation: 2m +m+16= 7. Full simplify your answer, including any non-real solutions. m=
-
What, in your opinion, would be the obstacles in using the project excellence model discussed in the quality award models section?
-
The records of Alaska Company provide the following information for the year ended December 31. Required 1. Use the retail inventory method to estimate the companys year- end inventory at cost. 2. A...
-
8.15.3: Produce a program that finds the second uppercase letter in a string. Rearrange the following lines of code to produce a program that finds the second uppercase letter in a string. Not all...
-
A month has elapsed since Precision Computer Centre's year-end. Tony Freedman will use four specialized journals for recording business transactions in the month of September. To assist you in...
-
The consolidated statement of earnings for Starbucks Corporation for 2007 is given in Exercise E9.9 in Chapter 9. The firms statutory tax rate is a 38.4 percent. Note 4 on net interest and other...
-
US Airways Group the holding company for US Airways reported the following income statements for 1997 and 1998 (in millions of dollars): a. Reported operating income before interest and taxes...
-
Draw the capital market line. Write down the equation for the capital market line. Explain what the capital market line tells us.
-
Suppose you were interested in studying the quality of conditions within a prison. What indicators would you measure to give the clearest picture of the realities of prison life? Cite the below...
-
Paragraph discussing food insecurity in the United States. What agencies in the federal government play an important role in ameliorating this situation? What groups of people are at particular risk?
-
Factorize (x4 - 20x + 100)
-
After you've completed this week's assigned reading, watch the video below. Next, respond to the Discussion questions underneath. Your first post should answer those questions and should be made by...
-
There is sufficient evidence to support the conclusion that a robust relationship exists between drugs and crime. Explain and discuss the studies that support this conclusion. Further explain and...
-
What factors go into developing the right marketing strategy? How might the right marketing strategy change over time?
-
Why is homeostasis defined as the "relative constancy of the internal environments? Does negative feedback or positive feedback tend to promote homeostasis?
-
Which looping constructs does Java support?
-
Excerpts from the 2008 financial report of Cisco Systems, a leading Internet net worker, are provided below (dollars in millions). Review the information, calculate relevant ratios from Figure, and...
-
Excerpts from the 2008 financial report of Inter, a computer-processor manufacturer, are as follows (dollars in millions). Review this information, calculate relevant ratios from figure, and explain...
-
The chief executive officer of Ginny's Fashions has included the following financial statements in a loan application submitted to Priority Bank. The company intends to acquire additional equipment...
-
For each of the following: identify all critical numbers and use these to determine all region(s) where the function is increasing as well as all region(s) where the function is decreasing. Then...
-
Determine the most suitable data structure for the above graph and show it adjacency representation. (5 markah/marks)
-
The table gives the outdoor temperatures observed by a science student on a spring day. Draw a graph of the data, and find the average rate of change of temperature between the following times: a)...
Study smarter with the SolutionInn App