< Analyze Home Depot The Home Depot (HD) reported the following data (in millions) in its recent financial statements: Year 2 Year 1 Total sales $110,225 $108,203 Total assets: Beginning of year 44,003 44,529 End of year 51,236 44,003 a. Determine the asset turnover ratio for Home Depot for Year 2 and Year 1. Round to two decimal places. Year 2 Year 1 Asset turnover ratio. b. What does an asset turnover ratio indicate? 1. Effectiveness in the use of assets to generate revenue. 2. Effective use of revenue to create assets. 3. Effective use of assets to reduce cost. 4. Effective use of assets to increase assets.