Question
As general background study the Five-Year Summary of Financial and Operating Results. Instructions: a. Compute the following for the fiscal years ending January 31, 2016,
As general background study the "Five-Year Summary of Financial and Operating Results."
Instructions:
a.Compute the following for the fiscal years ending January 31, 2016, and February 1, 2015 (round percentages to the nearest tenth of 1 percent):
1. Percentage change in net sales (relative to the prior year).
2. Percentage change in net earnings.
3. Gross profit rate.
4.Net income as a percentage of sales.
5. Return on average total assets.
6. Return on average total equity.
b. Write a statement that describes your conclusion(s) concerning trends in Home Depot's profitability during the period covered in your analysis in part a. above. Justify your conclusion(s).
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