FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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In a recent year’s financial statements, Home Depot reported the following results. Compute and interpret
Home Depot’s return on assets (assume competitors average an 11.0% return on assets).
Sales $95 billion Net income . . . . . . . . . . . . $8 billion Average total assets . $42 billion
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