I am back in school swing and wondering how I can reconnect with the group.? 
How did Case #1 go and what's the plan for working on Case #2?? Please feel 
free to respond via e-mail or call me at home at 415-285-7385.

Thanks! 
Carolyn 

Carolyn M. Vavrek 
Manager - Human Capital Advisory Services 
Deloitte & Touche 
50 Fremont Street 
San Francisco, CA? 94105 

phone: 415-783-5137 
fax: 415-783-8760 
e-mail: cvavrek@deloitte.com 

-----Original Message----- 
From: Mark Guinney [mailto:Mark_Guinney@watsonwyatt.com] 
Sent: Saturday, February 03, 2001 1:14 PM 
To: tasker@haas.berkeley.edu 
Cc: chin@haas.berkeley.edu; vavrek@haas.berkeley.edu; 
sama@haas.berkeley.edu; Jeff.Dasovich@enron.com 
Subject: Home Depot Question 

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 

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