Problem

Ratios are an important part of financial analysis. Divide into groups of two or three. Ea...

Ratios are an important part of financial analysis. Divide into groups of two or three. Each person should choose one year from the Home Depot Annual Report in Appendix A. Calculate the current ratio, gross profit percentage, and inventory turnover. Is Home Depot doing better or worse than the previous year? What account is causing this change?

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