Ratio of net sales to total assets
Net Sales: $90,837(2007) $81,511(2006)
Total assets at the end of the year: $52,263 (2007) $44,482 (2006)
Total assets at the beginning of the year: $44,482 (2007) $38,907(2006)
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.
2007:?
2006:?
Net Sales: $90,837(2007) $81,511(2006)
Total assets at the end of the year: $52,263 (2007) $44,482 (2006)
Total assets at the beginning of the year: $44,482 (2007) $38,907(2006)
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.
2007:?
2006:?