In a recent years financial statements, Home Depot reported the following results. Compute and interpret Home Depots

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In a recent year’s financial statements, Home Depot reported the following results. Compute and interpret Home Depot’s return on assets (assume competitors average a 5% return on assets).

Sales . . . . . . . . . . . . . . . . . . . . . . $71,288 million

Net income . . . . . . . . . . . . . . . . . . . 2,260 million

Average total assets . . . . . . . . . . . . 42,744 million

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 27, 2012 01:41 AM

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In a recent years financial statements, Home Depot reported the following results. Compute and interpret Home Depots

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