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Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615 Exercise 35
Ratio of sales to assets
The Home Depot reported the following data (in millions) in its recent financial statements:
a. Determine the ratio of 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 generate sales
The Home Depot reported the following data (in millions) in its recent financial statements:
a. Determine the ratio of 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 generate sales
Explanation
Verified
Verified
a.
Ratio of Sales to assets measures ho...
Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
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