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)

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.