Using the financial information presented in Exhibit 13.1, calculate the following ratios for The Home Depot:
Question:
• Return on equity
• Return on assets
• Total asset turnover
• Inventory turnover
• Current ratio
• Quick ratio
• Cash coverage ratio
• Debt-to-equity ratio
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Related Book For
Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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