The Home Depot reported the following data (in millions) in its recent financial statements: Year 2 Year 1 Sales $103,090 $99,660 Total assets at the end of the year 76,400 82,200 Total assets at the beginning of the year 82,200 99,000 Required:a. Determine the asset turnover for The Home Depot for Year 2 and Year 1. Round to one decimal place. b. What conclusions can be drawn concerning the trend in the ability of The Home Depot to effectively use its assets to generate sales?

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

How many months does the federal budget usually take to prepare

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?