How sensitive is return on capital to the forecastassumptions in case Exhibit 8? What independentchanges in Carrie Galeotafiore's estimates are requiredto drive the 2002 return - on - capital estimate belowHome Depot's cost - of - capital estimate of 12.3%?Look specifically at gross margin, cash operatingexpenses, receivable turnover, inventory turnover, andP&E turnover. What effect does sales growth have onreturn of capital? Explain your findings.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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How sensitive is return on capital to the forecastassumptions in case Exhibit 8? What independentchanges in Carrie Galeotafiore's estimates are requiredto drive the 2002 return - on - capital estimate belowHome Depot's cost - of - capital estimate of 12.3%?Look specifically at gross margin, cash operatingexpenses, receivable turnover, inventory turnover, andP&E turnover. What effect does sales growth have onreturn of capital? Explain your findings. 

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