Overview
Home Depot.
Report the following for your company:
- Does your company use average cost, FIFO, or LIFO as its inventory cost flow assumption?
- Calculate the gross profit ratio and the inventory turnover ratio for the years' presented in the annual report.
- Compare your company's ratios with the industry averages for your industry using the following website All Industries: industry financial ratios benchmarking (readyratios.com)
- Determine whether these ratios indicate the company is more or less profitable and sells its inventory more or less frequently compared to the industry average.