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

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

The Home Depot reported the following data (in millions) in

a. Determine the ratio of net sales to assets for The Home Depot for Year 2 and Year 1. Round to two decimal places.
b. What conclusions can be drawn from these ratios concerning the trend in the ability of The Home Depot to effectively use its assets to generatesales?

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

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

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