·Inventory Turnover Ratio for The Home Depot, Inc.:

Compute the inventory turnover ratio for The Home Depot, Inc. for the fiscal year 2023 using the following information:

• Cost of Goods Sold: $200,000,000
• Beginning Inventory: $40,000,000
• Ending Inventory: $50,000,000

Requirement: Calculate the inventory turnover ratio for The Home Depot, Inc. and interpret its efficiency in managing inventory.