TRACKING HOME DEPOT’S INVENTORY INVESTMENT Home Depot’s management wishes to track its investment in inventory as one of its performance meas- ures. Recently, Home Depot had $11.4 billion invested in...

TRACKING HOME DEPOT’S INVENTORY INVESTMENT

Home Depot’s management wishes to track its investment in inventory as one of its performance meas-
ures. Recently, Home Depot had $11.4 billion invested in inventory and total assets of $44.4 billion.

APPROACH c Determine the investment in inventory and total assets and then use Equation (11-1)