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

Question:

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 12% return on assets).

Sales . . . . . . . . . . . . . . . . . . . $73,074 million Net income . . . . . . . . . . . . . . 5,001 million Average total assets . . . . . . . . 36,672 million.

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