ctoring Enabled: Chapter 4 Required Homework (G... i 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 Bonds payable Common stock Retained earnings Comparative Balance Sheets Accounts receivable Inventory Property, plant, and equipment (net). 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. ✩ Save

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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octoring Enable x +
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ctoring Enabled: Chapter 4 Required Homework (G... i
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)
Bonds payable
Common stock
Retained earnings
(300)
(320)
$ 480
Comparative Balance Sheets
Accounts receivable
Inventory
Property, plant, and equipment (net)
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.
₁
Save &
Transcribed Image Text:octoring Enable x + getproctorio.com/secured #lockdown ctoring Enabled: Chapter 4 Required Homework (G... i 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) Bonds payable Common stock Retained earnings (300) (320) $ 480 Comparative Balance Sheets Accounts receivable Inventory Property, plant, and equipment (net) 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. ₁ Save &
1. Inventory turnover ratio
2. Average days in inventory
3. Receivables turnover ratio
4. Average collection period
5. Asset turnover ratio
6. Profit margin on sales
7. Return on assets
8. Return on equity
9. Equity multiplier
10. Return on equity (using the DuPont framework)
times
days
times
days
%
%
%
times
%
Transcribed Image Text:1. Inventory turnover ratio 2. Average days in inventory 3. Receivables turnover ratio 4. Average collection period 5. Asset turnover ratio 6. Profit margin on sales 7. Return on assets 8. Return on equity 9. Equity multiplier 10. Return on equity (using the DuPont framework) times days times days % % % times %
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