Refer to the financial statements of The Home Depot in Appendix A at the end of this

Question:

Refer to the of The Home Depot in Appendix A at the end of this book, or download the 2011 annual report from the Cases section of the text's Web site at www.mhhe.com/ phillips4e.
1. Where does the company report the amount of its Allowance for Doubtful Accounts?
a. On the In the notes.
c. In both the and notes.
d. Not at all.
2. Compute the company's receivables turnover ratio and days to collect for the year ended
January 31, 2011.
a. 62.7 times and 5.8 days
b. 74.0 times and 4.9 days
c. 68.6 times and 5.3 days
d. 66.4 times and 5.5 days
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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...