Refer to the 2013 fiscal year- end financial statements of The Home Depot in Appendix A and
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1. Was Lowe’s net income for the year ended January 31, 2014, greater (or less) than The Home Depot’s?
2. Was Lowe’s sales revenue for the year ended January 31, 2014, greater (or less) than The Home Depot’s?
3. Did Lowe’s have more (or less) inventory than The Home Depot at the companies’ fiscal 2013 year- ends?
4. Did Lowe’s have more (or less) cash than The Home Depot at the companies’ fiscal 2013 year- ends?
5. The Home Depot’s stock is traded on the New York Stock Exchange under the symbol HD. What kind of company does this make The Home Depot? Is Lowe’s the same type of business organization as The Home Depot? How can you tell?
6. Why might The Home Depot and Lowe’s choose such odd dates to end their fiscal years?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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