The Home Depot reported the following data (in millions) in the financial statements: a. Determine the ratio

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The Home Depot reported the following data (in millions) in the financial statements:

a. Determine the ratio of net sales to assets for the Home Depot for 2009 and 2008. Round to two decimal places.

b. What conclusions can be drawn from these rations concerning the trend in the ability of The Home Depot to effectively use its assets to generatesales?

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Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Oct 14, 2011 05:09 AM

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The Home Depot reported the following data (in millions) in the financial statements: a. Determine the ratio

Question:

2009 2008 Net sales $71,288 $77,349 Total assets at the end of the year 41,164 44,324 Total assets at the beginning of the year 44,324 52,263

Step by Step Answer:

a 2009 167 71288 41164 44324 2 2008 160 77349 44324 ...View the full answer

Financial and Managerial Accounting

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