Write a statement that describes you conclusions concerning trends in Home Deports profitability during the period covered in your ananlysis below. Justify your oconclusions.

1. % of change in net sales= Year 2015 83176-78812=4364/78812= 5.5% Year 2016 88519-83176=5343/83176=6.3%

2. % of change in net earnings= Year 2015: 6345-5385=960/5385=17.8% Year 2016: 7009-6345=664/6345= 10.5%

3. Gross profit rate= Year 2015: 28389/83176= 34.1% Year 2016: 30265/88519=34.2%

4. Net income as a % of sales= Year 2015: 6345/83176=7.6% Year 2016:7009/88519=7.9%

5. Return on average total assets= Year 2016: 39,946+42549/2= 41,248 Now take 11774/41248=28.5%

6. Return on average total equity= 6316+9322/2=7819 Now 7009/7819= 89.6%