Solution-Determine the ratio of net sales to assets

Determine the ratio of net sales to assets

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Reference no: EM132680308

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

Required -

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: EM132680308

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Determine the ratio of net sales to assets

Reference no: EM132680308

Reference no: EM132680308

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