1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zhuklara [117]
2 years ago
13

n a recent year's financial statements, home depot reported the following results. sales $ 95 billion net income 8 billion avera

ge total assets 42 billion (a) compute home depot's return on assets. (b) is home depot's return on assets better than the 11% return of lowe's (a competitor)?
Business
1 answer:
faltersainse [42]2 years ago
3 0

The  home depot's return on assets is 19.05%

The home depot's return on assets is 8.05% better than the 11% return of lowe's

What is return on assets?

The return on  on assets means the net income of Home Depot as percentage of the average total assets, in other words, the return on assets is the net income divided average total assets , not sales revenue, which is applicable to profit margin

return on assets=net income/average total assets

net income=8 billion

average total assets=42 billion

return on assets=8 billion/42 billion

return on assets=19.05%

difference in return on assets=19.05%-11

difference in return on assets=8.05%

The home depot's return on assets is 8.05% better than the 11% return of lowe's

Find out more about return on assets on:brainly.com/question/23554298

#SPJ1

You might be interested in
You are looking for ways to save money when it comes to feeding your family. What is the most helpful way to cut back on food ex
beks73 [17]

The most helpful way to cut back on food expenses are:

  • Make a Family Budget Together.
  • Trim the Family's Grocery Bill.

<h3>How can budgeting help to  to cut back on food expenses?</h3>

Budgeting can be regarded as the  process of creating a plan  on how the money will be  spent.

This spending plan which is known as  budget helps ion the Creation of  spending plan which will help to determine in advance  how the money will be saved , hence most helpful way to cut back on food expenses is to make a Family Budget Together.

Learn more about Budget  on:

brainly.com/question/6663636

#SPJ1

8 0
2 years ago
An account balance is:Select one:a. The total of the credit side of the account.b. The total of the debit side of the account.c.
Umnica [9.8K]

Answer:

c. The difference between the total debits and total credits for an account including the beginning balance.

Explanation:

An account wil be a concept of reality represent under a given label which, contains information about transaction that modifies their valuation in the company.

This means, there is something that can be measure in a monetary units.

There are transaction which increase their total value

and transaction which decreases his value.

All those transaction combined generate an ending balance, which is the state of the account at the given date.

For example

Mechandise Inventory: this account represent the inventory ready to sale for the business.

purhcase of inventory increase this account

sales from the business activities decreases it.

the ending balance will be the net effect fo the purchase and sales.

5 0
4 years ago
Which statements describe junction tables? Check all that apply.
Lesechka [4]

Answer:

B, E and F

Explanation: I just took it smh I hate this

3 0
3 years ago
Read 2 more answers
In the film industry, what is the term used to describe all the activities and actions taken in order to create a movie?
meriva
Im pretty sure the answer is <span>d. production</span>
3 0
4 years ago
_____ means that managers are honest and trustworthy, fair in their dealings with employees and customers, and behave ethically
rosijanka [135]

Answer:

The correct answer is letter "A": Ethical leadership.

Explanation:

Ethical leadership implies managers of an organization respecting the norms and values necessary to develop a healthy atmosphere at work. Top executives are in charge of promoting respect among coworkers, inspire trust by their actions, honesty at the moment of providing information to subordinates, consideration in front of problems among employees, and fairness to solve issues impartially.

5 0
3 years ago
Other questions:
  • Contractionary monetary policy causes _____ in the price level in the short run and _____ in the price level in the long run. a
    10·1 answer
  • If the Federal Reserve sells $50 billion of short-term U.S. Treasury Securities to the public, other things held constant, what
    12·1 answer
  • The profit and loss statement of Kitsch Ltd., an S corporation, shows $100,000 book income. Kitsch is owned equally by four shar
    6·2 answers
  • You should not use the PACED decision-making process to make career choices. It should mostly be used for financial decisions.
    11·2 answers
  • Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra
    13·1 answer
  • During a recession (downturn) in the economy firms lay off workers and the unemployment rate rises. During these times we can ex
    7·1 answer
  • Joe Loser enters into an investment scheme with some local bigwigs. To get Joe's money, these people lie to Joe about several pr
    6·1 answer
  • 3. Prime Cuts was the brainchild of Cairn Terrier who guided all the marketing efforts of the product. She selected each element
    13·1 answer
  • Is someone smart here?
    6·1 answer
  • You put up $80 at the beginning of the year for an investment. The value of the investment grows 2% and you earn a dividend of $
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!