(Answered) In a recent years financial statements home depot reported

Accounting

In a recent year's financial statements, Home Depot reported the following results. Compute and interpret Home Depot's return on assets (assume competitors average a 8.0% return on assets).

Sales . . . . . . . . . . . . . . . . . . . . . . $67,997 million
Net income . . . . . . . . . . . . . . . . 3,338 million
Average total assets . . . . . . . . . . 40,501 million

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