Problem

The Home Depot, Inc. reported the following data in its 2009 Annual Report (for the fiscal...

The Home Depot, Inc. reported the following data in its 2009 Annual Report (for the fiscal year ended January 31, 2010):

Number of employees at January 31, 2010

317,000

Percentage of employees employed full-time

61%

Contributions to employees' retirement plans during the year ended January 31, 2010

$161 million

Analyze:

1. Based on the data above, how many employees were employed full-time at January 31, 2010?


2. Assume only full-time employees receive contributions to their retirement plan. What was the average retirement plan contribution made by The Home Depot for full-time employees?

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