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the home depot reported the following data in millions in its recent financial state 541782

Ratio of net sales to assets

The Home Depot reported the following data (in millions) in its recent financial statements:

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Year 2

Year 1

Net sales

$67,997

$66,176

Total assets at the end of the year

40,125

40,877

Total assets at the beginning of the year

40,877

41,164

  1. Determine the ratio of net sales to assets for The Home Depot for Year 2 and Year 1.Round to two decimal places.
  2. What conclusions can be drawn from these ratios concerning the trend in the ability of The Home Depot to effectively use its assets to generate sales?
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