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Compare these companies’ income statements and answer the following: (Home Depot and Lowe’s)
1.Compute the ratios of cost of goods sold to total expenses for their two most recent fiscal years. (Record answers as percentages, rounded to one decimal.)
2.Comment on the similarities or differences in the ratio results across both years between the companies.
3.Which company has a higher ratio of costs, defined as cost of goods sold plus total operating expenses, to revenues? Use the two most recent years’ income statements from Appendix A. Show your analysis.
4.How might the use of activity-based costing help the less competitive company become more competitive?
In your won word please.