Refer to The Home Depot, Inc., 2012 Annual Report (for the fiscal year ended February 3, 2013) in Appendix A. Locate the Five-Year Summary of Financial and Operating Results. In particular, examine the information related to: inventory turnover; number of stores; square footage at fiscal year-end; weighted average sales per square foot; and average ticket ($).
1. Taking into account this information, what would be your approach to the decision of opening new stores.
2. Compare the five-year compounded annual growth rate of the average ticket ($) with the rate of change between FY 2012 and 2011.