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From: mark_guinney@watsonwyatt.com To: tasker@haas.berkeley.edu Subject: Home Depot Question Cc: chin@haas.berkeley.edu, vavrek@haas.berkeley.edu, sama@haas.berkeley.edu,jeff.dasovich@enron.com Bcc: chin@haas.berkeley.edu, vavrek@haas.berkeley.edu, sama@haas.berkeley.edu,jeff.dasovich@enron.com Date: Sat, 3 Feb 2001 08:14:00 -0800 (PST) Professor, As part of the assignment you ask us to evaluate the time series changes of Home Depot's profitability relative to previous years (last question in section b.). However, given that we have only 2 fiscal years of balance sheet data we can only calculate one year of ratios (ROA, ROE, etc). How are we to answer the question given our dilemma? ********************************************** Mark D. Guinney, CFA Consultant Watson Wyatt Investment Consulting 345 California Street, Ste. 1400 San Francisco, CA 94104 (415) 733-4487 ph. (415) 733-4190 fax