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Hechinger Co. and Home Depot are two home improvement retailers. Compared to Hechinger, founded in the early 1900s, Home Depot is a relative newcomer. But
Hechinger Co. and Home Depot are two home improvement retailers. Compared to Hechinger, founded in the early 1900s, Home Depot is a relative newcomer. But in recent years, while Home Depot was reporting large increases in net income, Hechinger was reporting increasingly large net losses. Finally, largely due to competition from Home Depot, Hechinger was forced to file for bankruptcy. Here are financial data for both companies (in millions).
Hechinger Co. and Home Depot are two home improvement retailers. Compared to Hechinger, founded in the early 1900s, Home Depot is a relative newcomer. But in recent years, while Home Depot was reporting large increases in net income, Hechinger was reporting increasingly large net losses. Finally, largely due to competition from Home Depot, Hechinger was forced to file for bankruptcy. Here are financial data for both companies (in millions). Home Hechinger Depot Receivables Total current assets Beginning total assets Ending total assets Beginning current liabilities Ending current liabilities Beginning total liabilities Ending total liabilities Interest expense Income tax expense Cash provided (used) by operations Net income Net sales 1,153 1,668 1,577 4,933 11,229 13,465 2,456 2,857 4,015 4,716 37 1,040 1,917 1,614 30,219 1,392 1,339 (257) (93) 3,444 Using the data provided, perform the following analysis
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