Question: The Home Depot reported the following data (in millions) in the financial statements: a. Determine the ratio of net sales to assets for the Home

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

a. Determine the ratio of net sales to assets for the Home Depot for 2009 and 2008. Round to two decimal places.

b. What conclusions can be drawn from these rations concerning the trend in the ability of The Home Depot to effectively use its assets to generatesales?

2009 2008 Net sales $71,288 $77,349 Total assets at the end of the year 41,164 44,324 Total assets at the beginning of the year 44,324 52,263

Step by Step Solution

★★★★★

3.31 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a 2009 167 71288 41164 44324 2 2008 160 77349 44324 ... 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)

52-B-A-M-B (274).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

What conclusions can be drawn from a feasibility analysis?

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 reported the following data (in millions) in its financial statements: a. Determine the ratio of net sales to assets for The Home Depot for 2009 and 2008. Round to two decimal places....

The Home Depot reported the following data (in millions) in its financial statements: a. Determine the ratio of net sales to average total assets for The Home Depot for 2007 and 2006. Round to two...

The Home Depot reported the following data (in millions) in its recent financial statements: a. Determine the ratio of net sales to assets for The Home Depot for Year 2 and Year 1. Round to two...

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....

Ratio of Net Sales to Assets The Home Depot reported the following data (in millions) in its recent financial statements: Determine the ratio of net sales to assets for The Home Depot for Year 2 and...

The Home Depot reported the following data (in millions) in its recent financial statements: ................................................... Year 2 .............. Year 1 Sales...

(30) The Home Depot reported the following data (in millions) in its recent financial statements: year 2 year 1 sales $70,395 $67,977 Total assets at the end of the year 40,518 40,125 Total assets at...

Sales Tax A sale of merchandise on account for $14,000 is subject to an 8% sales tax. a. Should the sales tax be recorded at the time of sale or when payment is received? At the time of saleWhen...

The following accounts are taken from the records of Jasper Inc. at January 31, 2015, its first month of operations. Required: 1. Calculate the amount of total assets. 2. Calculate the amount of...

If g(x) = 3 + x + ex, find g-1 (4)

The _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ layer is where communication between devices actually takes place.

Identify if the given goal statements are SMART. Write YES or NO against each statement i your answer script. Also, convert those statements which are not SMART into SMART one? Statements 1. To pay...

Which of these citations refers to an administrative release? a.Rev. Rul. 97-8, b.I.R.B. No. 7, c.4 Ltr. Rul. 9333032 (May 24, 1993) TAM 9510001 (March 6, 1995) GCM 39264 (August 13, 1984) d. All of...

Find articles from the past year in the Journal of Accountancy, The New Accountant, and any other magazine suggested by your instructor that explain how CPA firms are using IT developments (e.g., the...

Lysozyme is the enzyme cleaving peptidoglycan(copolymer of N-acetylglucosamine(GlcNAc) and N-acetylmuramic acid(Mur2Ac)) polymer with Beta(14) linkage. Its active site has two key carboxylated amino...

only que no. 4 nours 4. Let X be the random variable whose probability density function is Sce-5z, if z>0 f(r) = 10, if otherwise (a) Find c. (b) Find P(1

List various approaches for risk aggregation and discuss pros and cons of each.

a. Bert Company budgets sales of $1,250,000, fixed costs of $450,000, and variable costs of $200,000. What is the contribution margin ratio for Bert Company? b. If the contribution margin ratio for...

a. Name two principal types of cost accounting systems. b. Which system provides for a separate record of each particular quantity of product that passes through the factory? c. Which system...

What kind of firm would use a job order cost system?

What happens to a company's weighted average cost of capital (WACC) if the firm's corporate tax rate increases and if the Federal Reserve causes an increase in the risk-free rate, respectively?...

Operating exposure captures the extent to which exchange rate changes affect the firm's known cash flows from existing contracts. Select one: True False

A firm is considering a project with the following cash flows: Time 0 = +$20, 000, Years 1-5 = -$4, 500. Should the project be accepted if the cost of capital is 10%? Yes; The IRR of the project is...