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?

Balances for each of the following accounts appear in an adjusted trial balance. identify each as an asset, liability, revenue, or expense. 1. accounts receivable 2. equipment 3. fees earned 4. insurance expense 5. prepaid advertising 6. prepaid rent 7. rent revenue 8. salary expense 9. salary payable 10. supplies 11. supplies expense 12. unearned rent

On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes