The Home Depot reported the following data (in millions) in its recent financial statements: a. Determine the
Question:
a. Determine the ratio of net sales to assets for The Home Depot for Year 2 and Year 1. Round to two decimal places.
b. What conclusions can be drawn from these ratios concerning the trend in the ability of The Home Depot to effectively use its assets to generatesales?
Transcribed Image Text:
Year 1 $67,997 $66,176 40,125 40,877 40,877 41,164 Year 2 Net sales Total assets at the end of the year Total assets at the beginning of the year
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a Year 2 168 67997 40125 40877 2 Year 1 161 66176 40877 41164 2 b ...View the full answer
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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