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Determine the ratio of net sales to average total assets

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Reference no: EM131122872

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

a. Determine the ratio of net sales to average total assets for The Home Depot for 2007 and 2006. 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: EM131122872

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