Question: The financial statements for Home Depot are presented in Appendix E at the end of the text. a. Determine the ratio of net sales to

The for Home Depot are presented in Appendix E at the end of the text.
a. Determine the ratio of net sales to average total assets for Home Depot for the years ended February 2, 2003, and February 3, 2002.
b. What conclusions can be drawn from these ratios concerning the trend in the ability of Home Depot to effectively use its assets to generate sales?

Step by Step Solution

★★★★★

3.29 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a 2003 207 58247000000 30011000000 263940000002 2002 224 53553000000 26394000000 21385000... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

186-B-A-M-B (1105).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

The financial statements of Home Depot are presented in Appendix E at the end of the text. a. Compute the ratio of fixed assets to long-term liabilities for 2002 and 2001. b. What conclusions can you...

What conclusions can be drawn from a feasibility analysis?

The financial statements for Williams-Sonoma, Inc., are presented in Appendix D at the end of the text. What is the major source of financing for Williams-Sonoma?

The financial statements for Home Depot are presented in Appendix E at the end of the text. a. Compute the doomsday ratio for Home Depot for 2003 and 2002. b. What conclusions can be drawn from...

Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C at the end of text. The following additional information in thousands is available: Accounts...

Using the Nike, Inc Problem calculate the current ratio, the quick ratio, the accounts receivable turnover, and the number of days sales in receivables, the inventory turnover, and the number of days...

Chapter 14 Financial Statement Analys Nike, Inc., Problem Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix E at the end of the text. The following...

Financial Statement Analysis The financial statements for Nike, Inc. , are presented in Appendix E at the end of the text. The following additional information is available (in thousands): Accounts...

Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C at the end of text. The following additional information in thousands is available: Accounts...

The cost of plant of $500,000. It has an estimated life of 5 years after which it would be disposed off (scrap value nil). Profit before depreciation, interest and taxes (PBIT) is estimated to be...

From the standpoint of the lessor, a sales-type lease must meet one or more of the criteria of a capital lease as well as two additional criteria. Name these two additional criteria.

" In the following statement, what does int mean? " i n t space asterisk times p t r space equals space n u l l p t r semicolon The variable * ptr will store an integer value The variable named * ptr...

21. How can reductions in cycle time lead to improvements in processes?

What is the amount of depreciation, using the decliningbalance method (twice the straight-line rate) for the second year of use for equipment costing $9,000, with an estimated residual value of $600...

a. How is operating leverage computed? b. What does operating leverage measure? LO2

How is the margin of safety calculated? LO2

You have synthesized a novel polyelectrolyte that is soluble in water. To characterize it , you perform several careful small - angle lights scattering experiments. The normalized - data for two...

Question 11 2 pts Giant Electronics is issuing 20-year bonds that will pay coupons annually. The coupon rate on this bond is 7.8 percent. If the market rate for such bonds is 7 percent, what will the...

5. As you are no doubt aware, in its momentous decision in Roe v. Wade (1973), the US Supreme Court declared that state may not outlaw abortion. Even so, many state legislatures have enacted...