QS 1-21 (Static) Computing and interpreting return on assets LO A2 Home Demo reported the following results. $95 billion $8 billion $ 42 billion Sales Net income Average total assets (a) Compute Home Demo's return on assets. (b) is Home Demo's return on assets better than the 11% return of Lows Hardware (a competitor)? Complete this question by entering your answers in the tabs below. Required A Required B Compute Home Demo's return on assets. (Enter the values in billions.) Numerator: Denominator 7 Required A Return on assets Required B>

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 5MAD: Analyze Home Depot The Home Depot (HD) reported the following data (in millions) in its recent...
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QS 1-21 (Static) Computing and interpreting return on assets LO A2
Home Demo reported the following results.
$95 billion
$8 billion
$ 42 billion
Sales
Net income
Average total assets
(a) Compute Home Demo's return on assets.
(b) Is Home Demo's return on assets better than the 11% return of Lows Hardware (a competitor)?
Complete this question by entering your answers in the tabs below.
Required A Required B
Compute Home Demo's return on assets. (Enter the values in billions.)
Denominator
Numerator:
I
Required A
Return on assets
Required B >
Transcribed Image Text:QS 1-21 (Static) Computing and interpreting return on assets LO A2 Home Demo reported the following results. $95 billion $8 billion $ 42 billion Sales Net income Average total assets (a) Compute Home Demo's return on assets. (b) Is Home Demo's return on assets better than the 11% return of Lows Hardware (a competitor)? Complete this question by entering your answers in the tabs below. Required A Required B Compute Home Demo's return on assets. (Enter the values in billions.) Denominator Numerator: I Required A Return on assets Required B >
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