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The Home Depot is the largest home improvement retailer in the United States. Home Depot financial statements for 2024 are shown below (in thousands):
The Home Depot is the largest home improvement retailer in the United States. Home Depot financial statements for 2024 are shown below (in thousands): 2024 Income Statement Net sales $ 9,600 Cost of goods sold Gross profit Operating expenses Interest expense Income tax expense Net income (6,450) 3,150 (2,250) (260) (256) $ 384 Comparative Balance Sheets: 2024 December 31 2023 Assets Cash Accounts receivable $ 660 660 $:560 460 Inventory 860 Property, plant, and equipment (net) 2,600 660 2,700 $ 4,780 $ 4,380 Liabilities and Shareholders' Equity Current liabilities Bonds payable $1,460 $1,210 1,700 1,700 Common stock 660 660 Retained earnings 960 810 $ 4,780 $ 4,380 Required: Calculate Home Depot ratios for 2024. Note: Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places. 1. Inventory turnover ratio 2. Average days in inventory Is Deraiahlee hummer ratin times days
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