What was the company inventory turnover

Assignment Help Accounting Basics
Reference no: EM131840103

Question - The Home Depot, Inc., financial statements appear in Appendix A at the end of this textbook. Using figures from the income statement and balance sheet, answer the following questions:

a. What was the company's inventory turnover for the most recent year reported?

b. Using your answer from part a, what was the average number of days that merchandise remained in inventory before it was sold?

c. Is the company's operating cycle influenced significantly by its accounts receivable turnover rate? Explain.

Attachment:- Assignment.rar

Reference no: EM131840103

Questions Cloud

Satisfaction and perceptions of service quality : Compare and contrast the factors that most influenced your satisfaction and perceptions of service quality in the two different situations.
What is your net interest savings over the life of the loan : What is your net interest savings over the life of the loan, assuming the loan is held to its maturity?
Traditional limit and conventions : How does the Amazon's organizational culture push employees to go beyond traditional limit and conventions?
Determine the balance of wire cable at the end of july : Complete the materials issuances and balances for the wire cable subsidiary ledger. Determine the balance of wire cable at the end of July.
What was the company inventory turnover : What was the company's inventory turnover for the most recent year reported? Is the company's operating cycle influenced significantly
What qualitative risk analysis techniques : What qualitative risk analysis techniques did you learn in the course, and what are the pros and cons of this technique?
Employee job performance : You are a Human Resources manager, and a supervisor comes to you to express concern that one of his/her employees is becoming forgetful
Describing the current state of public sector : Describing the current state of public sector unions as compared to the private sector.
Reflect on positive consumer experiences : How did the stakeholders in that setting use HIT platforms to improve your customer experience?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journal entries for merchandising transactions

Prepare journal entries. Be sure all dates agree with the problem and are not todays date - Prepare journal entries.

  Prepare the journal entry to record bad debt expense

Prepare the December 31, 2017, journal entry to record bad debt expense

  A project has the following cash flows year 0 cash flow

a project has the following cash flows year 0 cash flow 58000 year 1 cash flow -34000 year 2 cash flow -45000a. what is

  What led to the creation of the sarbanes-oxley act

What led to the creation of the Sarbanes-Oxley Act and when was it passed. What is the Act's primary purpose

  Calculate martin annualized hpr on the trade

Martin Schmidt bought 100 shares of a German stock through his broker. He bought the stock in March for €35 (Euro) per share and sold it three months later.

  Identify the steps of the accounting cycle

Identify the steps of the accounting cycle and provide a description of each step - Analyze the role each step plays in the success of a business.

  Use the following information to prepare a multiple-step

use the following information to prepare a multiple-step income statement.nbspnbspthe income tax rate on all items is

  Exchange of common stock a building

Why are noncash transactions, such as the exchange of common stock a building, included on a statement of cash flows? How are these noncash transactions disclosed?

  Explain primary advantages applying direct write-off method

Based on the information in the video, discuss the primary advantages and disadvantages of applying the direct write-off over the allowance method of writing off accounts.

  1 a large inventory of automobiles at an auto manufacturing

1. a large inventory of automobiles at an auto manufacturing company what constitutes good evidence for net realizable

  What is ricks distributive share of income

What is Rick's distributive share of income, gain, and loss for the current year

  Warrens earnings per share

On March 1, 2009, Warren sold 30 million common shares. In keeping with its long-term share repurchase plan, 2 million shares were retired on June 30. Warren's net income for the year ended December 31, 2009, was $1,050,000,000. The income tax rat..

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