Determine ratio of net sales to assets for the home depot

Assignment Help Accounting Basics
Reference no: EM131802333

Problem - Ratio of net sales to assets

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

 

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

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 ratios concerning the trend in the ability of The Home Depot to effectively use its assets to generate sales?

Reference no: EM131802333

Questions Cloud

What is the average waiting line length : Burrito King (a new fast-food franchise opening up nationwide) has successfully automated burrito production for its drive-up fast-food establishments.
Will the service be delivered by the nursing home : Will the service be delivered by the nursing home directly or contracted out (i.e., to a home care agency)?
How did ben and jerry become a takeover target : How has Ben & Jerry's fulfilled its mission statement (include evidence of performance on each of the 3 dimensions of the mission statement)?
Determination of chance probability and respective payoffs : Determination of chance probability and respective payoffs. Determination of Expected Value of each alternative. Build Small: $16+$33=$49.
Determine ratio of net sales to assets for the home depot : Problem - Ratio of net sales to assets. Determine the ratio of net sales to assets for The Home Depot for 2009 and 2008. Round to two decimal places
How the new lower materiality level will affect the nature : Outline how the new lower materiality level will affect the nature and extent of audit procedures planned
Company financial leverage on stock prices : Examining the effects of a company's financial leverage on stock prices, earnings per share, and cost of capital is important to a firm's capital structure.
Manager of a purchasing department : You are the manager of a purchasing department. The deputy general manager asked you to meet with him to discuss the proposal for change
When is the best time to approach an angel group : What is the biggest challenge facing an entrepreneur who is new and seeking an angel investor?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd