The Home Depot reported the following data (in millions) in its recent financial statements: a. Determine the

Question:

The Home Depot reported the following data (in millions) in its recent financial statements:

a. Determine the asset turnover for The Home Depot for Year 2 and Year 1. Round to two decimal places.

b. What conclusions can be drawn concerning the trend in the ability of The Home Depot to effectively use its assets to generate sales?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

See More Books

Question Posted: Apr 06, 2021 06:05 AM

See More Questions

The Home Depot reported the following data (in millions) in its financial statements for 2005 and 2004: a. Determine the ratio of net sales to average total assets for The Home Depot for 2005 and...
The Home Depot, Inc. reported the following data in its 2009 Annual Report (for the fiscal year ended January 31, 2010): Analyze: 1. What percentage of total current liabilities is made up of accrued...
The Home Depot, Inc. reported the following data in its 2009 Annual Report (for the fiscal year ended January 31, 2010): Number of employees at January 31, 2010.....................317,000 Percentage...
1. Does Amazon have a special responsibility to their employees given the current COVID-19 pandemic? Are they meeting this responsibility? Why or why not? 2. How should Amazon prioritize their...
Why is the use of a real-time network not recommended in machine control?
The charter of the Sanders Corporation authorizes the issuance of 1,500,000 shares of no- par common stock and 500,000 shares of 8 percent, $ 50 par value, cumulative preferred stock. These events...
An engineer prepares a report to evaluate a project using PW and IRR. Just before submitting the report, he spills coffee on it, making the first digit of the 2-digit IRR unreadable. The second digit...
Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Harbour has monthly overhead of $175,200, which is divided into the following cost...
Calculate Inventory Conversion Period, Receivables Conversion Period, the Payment Conversion Period, and the Operating Cycle for Innovation Inc. given the following information. Use 365 to get an...
Robert Brown applied for admission to the University of Kansas School of Law. Brown answered "no" to questions on the application asking if he had a criminal history and acknowledged that a false...
On July 31, 20Y7, the balances of the accounts appearing in the ledger of yang Interiors Company, a furniture wholesaler, are as follows: Accumulated Depr.Building ................. $443,000...
Kroger Co., a national supermarket chain, reported the following data (in millions) in its financial statements for a recent year: a. Compute the asset turnover. Round to two decimal places. b....
What is the critical amino acid difference between the -chain and the -chain of hemoglobin?
Anthony and Matt are connected to the internet. Anthony is located in India and Matt is located in Kenya. The Web Server is located in US and the DNS Server in Singapore. Anthony types www . ....
A user has an Azure subscription named SUBS1. The user VM1 using SUBS1. The user needs to monitor the metrics and the logs of VM1, what should the u use? a Linux virtual machine namec -2024 Lin...
The price of a good will fall if a. demand for the good increases. b. supply of the good decreases. C. supply of the good increases. demand for the good remains constant. supply of the good remains...
4. Let the L language be defined by the following regular expression: L = (aa* + c(bb)*)*dd a) Construct the transition diagram of the finite automata (NFA) that recognizes the L language. (in the...
Why does Israel want Gaza?
Which of the following matrices are positive definite? Negative definite? Indefinite? (a) (b) 035 053
The registrar of a college with a population of N = 4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus. The following...
The chairman of the board of directors of the company for which you are chief accountant has told you that he has little use for accounting figures based on cost. He believes that replacement values...
The chairman of the board of directors of the company for which you are chief accountant has told you that he has little use for accounting figures based on cost. He believes that replacement values...
When revenue is generally recognized? Why has that date been chosen as the point at which to recognize the revenue resulting from the entire producing and selling process?
A closely wound circular coil with a diameter of 4.50 cm has 500 turns and carries a current of 0.500 A. - Part A What is the magnetic field at the center of the coil? Express your answer in teslas....
N A 28.0-kg block is connected to an empty 2.00-kg bucket by a cord running over a frictionless pulley. The coefficient of static friction between the table and the block is 0.45 and the coefficient...
3. Consider a stock currently priced at $40.. period of one month and for two periods, t appreciate or depreciate by 10%. The per annum. You have the right to shout a you lock in a profit payable at...

The Home Depot reported the following data (in millions) in its recent financial statements: a. Determine the

Question:

Year 2 Year 1 Sales $108,203 $100,904 Total assets at the end of the year Total assets at the beginning of the year 44,003 44,529 44,529 42,966

Step by Step Answer:

a The asset turnover for The Home Depot for Year 2 is 243 and for Year 1 is 235 b The as...View the full answer

Accounting

Students also viewed these Business questions