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Obj. 5 MAD 5-5 Analyze Home Depot The Home Depot (HD) reported the following data (in millions) in its recent financial statements: Year 2 Year

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Obj. 5 MAD 5-5 Analyze Home Depot The Home Depot (HD) reported the following data (in millions) in its recent financial statements: Year 2 Year 1 $95,595 $88,519 Total sales Total assets: Beginning of year End of year 41,973 39,946 42,966 41,973 a. Determine the asset turnover ratio for Home Depot for Year 2 and Year 1. Round to two deci- mal places. b, What conclusions can be drawn from these ratios concerning the change in the abil- ity of Home Depot to effectively use its assets to generate sales

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