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What have been the average level, trend and volatility of profitability?

The company is Home Depot usingAsset management. (Look at assets including inventory and plant & equipment usingBalance sheet as well as Efficiency Ratios located at the Key Ratios Tab>Efficiency Ratios Tab showing year-over-year trends; use Morningstar Website.)Assess Future Profitability and Competitive Performance (this is step 4; note the questions on page 3 that need to be answered in an essay format, show year-over-year trends).The first paragraph of this section should briefly summarize the topics that will be discussed in this section (should be at least 3 sentences to comply with APA guidelines).Profitability. (Look at Morningstar site Key Ratio Tab>Profitability Tab, show year-over-year trends. Use Tables/Graphs to illustrate trends.)Cash flow. (Look at Morningstar site Key Ratio Tab>Cash Flow Tab, show year-over-year trends. Use Tables/Graphs to illustrate trends.)Volatility. (Using Risk Factor, Item 1A, located in SEC Filing 10-K, focusing on economic factors to comment on the Influence of risks on some of the financial data/ratios discussed above).Predictability. (Using Risk Factor, Item 1A, located in SEC Filing 10-K, focusing on economic factors to comment on the Influence of risks on some of the financial data/ratios discussed above).Concluding RemarksProvide a brief summary of the key facts and findings.Use these questions to guide writingStep 4: Future Profitability and Competitive PerformanceStrong sustained profitability is an important determinant of (1) a firm’s access to debt and/orequity finance on acceptable terms; (2) its ability to self-finance growth through the retention ofearnings; (3) its capacity to place major bets on risky new technologies, markets, and/or products;and (4) the valuation of the company.A reasonable starting point is to analyze the past pattern of profitability.1. What have been the average level, trend and volatility of profitability?2. Is the level of profitability sustainable, given the outlook for the market and for competitiveand regulatory pressures?3. Is the current level of profitability at the expense of future growth and/or profitability?4. Has management initiated major profit improvement programs? Are they unique to the firmor are they industry-wide and may be reflected in lower prices rather than higherprofitability?5. Are there any “hidden” problems, such as suspiciously high levels or buildups of accountsreceivable or inventory relative to sales, or a series of unusual transactions and/or accountingchanges?Where you can find key information to answer the questions for the essay on step fourProfitability. (Look at Morningstar site Key Ratio Tab>Profitability Tab, show year-over-year trends. Use Tables/Graphs to illustrate trends.)Cash flow. (Look at Morningstar site Key Ratio Tab>Cash Flow Tab, show year-over-year trends. Use Tables/Graphs to illustrate trends.)Volatility. (Using Risk Factor, Item 1A, located in SEC Filing 10-K, focusing on economic factors to comment on the Influence of risks on some of the financial data/ratios discussed above).Predictability. (Using Risk Factor, Item 1A, located in SEC Filing 10-K, focusing on economic factors to comment on the Influence of risks on some of the financial data/ratios discussed above).