Question
The Home Depot, Inc. disclosed inventory valued at $17.5 billion on its balance sheet for the fiscal year 2021. With cost of goods sold amounting
The Home Depot, Inc. disclosed inventory valued at $17.5 billion on its balance sheet for the fiscal year 2021. With cost of goods sold amounting to $94.6 billion and average inventory turnover of 5.4 times per year, compute The Home Depot's average inventory holding period and assess the efficiency of its inventory management practices in optimizing working capital and reducing carrying costs.
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
