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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

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<u>Explanation:</u>

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6 0
3 years ago
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Setler79 [48]

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5 0
2 years ago
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Answer:

the amount of the adjustment in the Allowance for

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Explanation:

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3 0
3 years ago
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