29 The Home Depot is the largest home improvement retailer in the United States. Home Depot financial statements for 2024 are shown below (in thousands): 2024 Income Statement Net sales. Cost of goods sold Gross profit Operating expenses Interest expense Income tax expense Net income Assets Cash $ 10,000 (6,550) 3,450 (2,350) (300) (320) $ 480 Comparative Balance Sheets Accounts receivable Inventory Property, plant, and equipment (net) Bonds payable Common stock Retained earnings Liabilities and Shareholders' Equity Current liabilities December 31 2024 $ 700 700 900 3,000 $ 5,300 1,700 1,900 700 1,000 $ 5,300 2023 $ 600 500 700 3,100 $ 4,900 $ 1,450 1,900 700 850 $ 4,900 Required: Calculate Home Depot ratios for 2024. Note: Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.
29 The Home Depot is the largest home improvement retailer in the United States. Home Depot financial statements for 2024 are shown below (in thousands): 2024 Income Statement Net sales. Cost of goods sold Gross profit Operating expenses Interest expense Income tax expense Net income Assets Cash $ 10,000 (6,550) 3,450 (2,350) (300) (320) $ 480 Comparative Balance Sheets Accounts receivable Inventory Property, plant, and equipment (net) Bonds payable Common stock Retained earnings Liabilities and Shareholders' Equity Current liabilities December 31 2024 $ 700 700 900 3,000 $ 5,300 1,700 1,900 700 1,000 $ 5,300 2023 $ 600 500 700 3,100 $ 4,900 $ 1,450 1,900 700 850 $ 4,900 Required: Calculate Home Depot ratios for 2024. Note: Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![octoring Enable x +
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octoring Enabled: Chapter 4 Required Homework (G... i
03:48:29
5
The Home Depot is the largest home improvement retailer in the United States. Home Depot financial statements for 2024 are shown
below (in thousands):
2024 Income Statement
Net sales
Cost of goods sold
Gross profit
Operating expenses
Interest expense
Income tax expense
Net income
Assets
Cash
$ 10,000
(6,550)
3,450
(2,350)
(300)
(320)
$ 480
Comparative Balance Sheets
Accounts receivable
Inventory
Property, plant, and equipment (net)
Bonds payable
Common stock
Retained earnings
Liabilities and Shareholders' Equity
Current liabilities
December 31
2024
Saved
$ 700
700
900
3,000
$ 5,300
1,700
1,900
700
1,000
$ 5,300
2023
$ 600
500
700
3,100
$ 4,900
$ 1,450
1,900
700
850
$ 4,900
Help
Required:
Calculate Home Depot ratios for 2024.
Note: Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc9737efd-391f-457a-98f6-aa044a0527f1%2F21854a3b-84fd-4dca-8269-dab1b2f4df51%2F9r922ir_processed.jpeg&w=3840&q=75)
Transcribed Image Text:octoring Enable x +
getproctorio.com/secured #lockdown
octoring Enabled: Chapter 4 Required Homework (G... i
03:48:29
5
The Home Depot is the largest home improvement retailer in the United States. Home Depot financial statements for 2024 are shown
below (in thousands):
2024 Income Statement
Net sales
Cost of goods sold
Gross profit
Operating expenses
Interest expense
Income tax expense
Net income
Assets
Cash
$ 10,000
(6,550)
3,450
(2,350)
(300)
(320)
$ 480
Comparative Balance Sheets
Accounts receivable
Inventory
Property, plant, and equipment (net)
Bonds payable
Common stock
Retained earnings
Liabilities and Shareholders' Equity
Current liabilities
December 31
2024
Saved
$ 700
700
900
3,000
$ 5,300
1,700
1,900
700
1,000
$ 5,300
2023
$ 600
500
700
3,100
$ 4,900
$ 1,450
1,900
700
850
$ 4,900
Help
Required:
Calculate Home Depot ratios for 2024.
Note: Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.
![7. Return on assets
8. Return on equity
9. Equity multiplier
10. Return on equity (using the DuPont framework)
%
%
times
%
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Transcribed Image Text:7. Return on assets
8. Return on equity
9. Equity multiplier
10. Return on equity (using the DuPont framework)
%
%
times
%
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