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
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
Interpretation Its return of 53 is sli...View the full answer
Answered By
Geoffrey Isaboke
I am an industrious tutor with a 5-yr experience in professional academic writing. I have passion for History and Music and I have good knowledge in Economics
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Accounting questions
-
The 2007 Current Population Survey reported the following results on U.S. annual household income (in thousands). The survey is a joint effort between the Census Bureau and the Bureau of Labor...
-
The service division of Retro Industries reported the following results for 2016. Sales........................................$500,000 Controllable fixed costs...................$ 75,000 Variable...
-
The service division of Retro Industries reported the following results for 2012. Sales........................................$500,000 Variable costs...............................300,000...
-
In Exercises 7683, use a graphing utility to graph the function. Use the graph to determine whether the function has an inverse that is a function (that is, whether the function is one-to-one). f(x)...
-
When there is little or no inflation, a homeowner can expect to rent an unfurnished home for 12% of the market value of the property (home and land) per year. About 18 of the rental income is paid...
-
The following accounting items were found in the journal of Crosse Company: 1. The payment of the current month's rent for $500 was recorded as a debit to Rent Payable and a credit to Cash, both for...
-
Find the condition indices and the variance decomposition proportions for the Hald cement data (Table B.21), assuming centered regressors. What can you say about multicollinearity in these data?...
-
Your father offers you a choice of $105,000 in 12 years or $47,000 today. a. If money is discounted at 8 percent, which should you choose? b. If money is still discounted at 8 percent, but your...
-
Mills Corporation acquired as a long-term investment $300 million of 6% bonds, dated July 1, on July 1, 2024. Company management has the positive intent and ability to hold the bonds until maturity....
-
This Mini Practice Set will help you review all the key concepts of the accounting cycle for a merchandising company, along with the integration of payroll. Betty Loeb took over the business now...
-
Use Apples September 26, 2009, financial statements, in Appendix A near the end of the book, to answer the following: a. Identify the dollar amounts of Apples 2009 (1) Assets, (2) Liabilities, and...
-
Indicate in which financial statement each item would most likely appear: income statement (I), balance sheet (B), statement of owners equity (OE), or statement of cash flows (CF). a. Assets b....
-
How are transferred-in costs treated in process costing?
-
Refer to the transactions for Blue Jay Delivery Service in Problem 3-6. Required 1. Prepare journal entries on the books of Blue Jay to record the transactions entered into during the month. Ignore...
-
The markets for most food products are characterized by output growth and low income and price elasticities. Is the price elasticity of the demand for food products elastic or inelastic? What happens...
-
The U.S. Womens National Teams (USWNTs) pay discrimination case against the U.S. Soccer Federation was chronicled in the 2021 documentary LFG (Nix & Fine, 2021). After a lawsuit dismissal in May...
-
Describe how the annual payment bond valuation formula is changed to evaluate semiannual coupon bonds, and write the revised formula.
-
Define the concept of price elasticity of supply. Think about the supply of beans: do you think that the supply of beans can be very price-elastic in the short term? How will the price elasticity of...
-
The following data represent the length of a bass fish and its weight. In Problems 6-12, construct a scatterplot of the given data. Is there a trend in the data? Are any of the data points outliers?...
-
Imagine you are the HR manager at a company, and a female employee came to you upset because she felt a male coworker was creating a hostile work environment by repeatedly asking her out on dates...
-
Find a report that you wrote in the past for school or work that doesnt have an executive summary. Write one that is about 10% of the total report.
-
Delores Cooper operates Cooper Garden Designs. Most of her customers pay cash so she uses the direct write-off method to account for uncollectible accounts receivable. On May 3, 2014, she determined...
-
Prepare journal entries to record these transactions: Mar. 21 Accepted a $6,200, six-month, 4% note dated today from Bradley Brooks in granting a time extension on his past-due account. Sept. 21...
-
Prepare journal entries to record these transactions (round the answer to two decimal places): Oct. 31 Accepted a $1 5,000, six-month, 4.5% note dated today from Leann Grimes in granting a time...
-
A thin walled loop with a mass of 1.50 kg and with a radius of 10.0 cm rolls down a ramp with a height h=30.0 cm. If the loop starts from rest at the top of the ramp, what will its speed be when it...
-
Suppose there is a uniformly charged, infinitely tall metal surface. The surface charge density is -4.0 x 10^-10 C/m2. An electron is 1.5 meters away from the wall and is launched directly at it with...
-
1. A basketball rolls down a ramp from rest with an acceleration of 2.5 m/s due to grav- up the ramp with an initial velocity of ity. At the same time, a tennis ball starts to roll 3.7 m/s and the...
Study smarter with the SolutionInn App