Jin has $75,000 of his “hard-earned” money invested in The Home Depot, Inc. (Home Depot), the largest home improvement retailer in the United States. Julian, who is also a Home Depot employee, likes to compare the financial and accounting information available to him that is generated from both within and outside Home Depot. He likes to compare Home Depot’s financial data year-to-year, and he also likes to compare the company’s financial data to its competitors’ data. Which of the following is incorrect regarding the comparison of financial data?

Answer 1

There is no information given in the passage about comparing Home Depot's financial data to its competitors' data. Therefore, it cannot be determined if this statement is correct or incorrect.