Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018 Land $78,636 $83,048 38,030 39,278...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018 Land $78,636 $83,048 38,030 39,278 362,571 301,449 103,733 91,778 69,542 61,734 230,689 173,997 15,009 14,806 74,271 51,260 972,481 817,350 (372,824) (316,211) $599,657 $501,139 Buildings Leasehold improvements Furniture and fixtures Computer hardware Computer software Equipment and vehicles Work in progress Property and equipment, gross Accumulated depreciation Property and equipment, net Depreciation expense related to property and equipment was $112.6 million and $99.4 million, for the years ended February 3, 2019, and January 28, 2018, respectively. Required a. Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? No b. Compute the estimated useful life of lululemon's depreciable assets. Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555). 7.3 years c. Compute the estimated percent used up of lululemon's depreciable assets. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%). 41.5 % Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018 Land $78,636 $83,048 38,030 39,278 362,571 301,449 103,733 91,778 69,542 61,734 230,689 173,997 15,009 14,806 74,271 51,260 972,481 817,350 (372,824) (316,211) $599,657 $501,139 Buildings Leasehold improvements Furniture and fixtures Computer hardware Computer software Equipment and vehicles Work in progress Property and equipment, gross Accumulated depreciation Property and equipment, net Depreciation expense related to property and equipment was $112.6 million and $99.4 million, for the years ended February 3, 2019, and January 28, 2018, respectively. Required a. Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? No b. Compute the estimated useful life of lululemon's depreciable assets. Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555). 7.3 years c. Compute the estimated percent used up of lululemon's depreciable assets. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%). 41.5 %
Expert Answer:
Answer rating: 100% (QA)
a No the company do not manufactures its own inventory ... View the full answer
Related Book For
Understanding Financial Accounting
ISBN: 9781119406921
2nd Canadian Edition
Authors: Christopher D. Burnley
Posted Date:
Students also viewed these accounting questions
-
Does it seem likely that most purchasers evaluated their investments ahead of time? What might an investor need to do to determine the value of the investment?
-
The statement of comprehensive income for the years ended December 31, 2006 and 2007, plus selected items from comparative balance sheets of McClain Wholesalers, Inc., are as follows: There were no...
-
The statement of comprehensive income for the years ended December 31, 2008 and 2009, plus selected items from comparative balance sheets of Johnson Wholesalers Inc. are as follows: There were no...
-
Suppose that a typical taxpayer has a marginal personal income tax rate of 35 percent. The nominal interest rate is 13 percent, and the expected inflation rate is 8 percent. a. What is the real...
-
What is the primary purpose of analyzing interest expense? Given this purpose, what primary considerations should the auditor keep in mind when doing the analysis?
-
Yadier NVs comparative statements of financial position are presented below. Yadiers 2020 income statement included net sales of 100,000, cost of goods sold of 60,350, and net income of 14,000....
-
Which of the following is not an element of an internal control system? a. Auditing b. The control environment C. Monitoring d. Information and communication
-
The following balance sheet for the Hubbard Corporation was prepared by the company: Additional information: 1. The buildings, land, and machinery are all stated at cost except for a parcel of land...
-
CaniRug will begin to produce and sell one-size-fits-all wigs in two colors: blonde and brunette. The brown wig is projected to be the better seller with sales of 100 wigs per week, whereas the...
-
Lydia Hartley, manager of UltraProducts New Zealand Division, is trying to set the production schedule for the last quarter of the year. The New Zealand Division had planned to sell 100,000 units...
-
2. (a) Compute the result of counterclockwise rotation of a vector 0 = 2 using matrices. [ 2 by an angle [ by an angle (b) Compute the result of counterclockwise rotation of a vector 0 = 27 and...
-
A particular professionally managed UK equity investment fund produced better returns last year than any of its rivals. This means that it is likely to outperform its rivals again this year. Comment...
-
According to Modigliani and Miller, shareholders are indifferent between a dividend and a capital gain. Comment on this statement, which you have overheard.
-
A graph of the daily price of a share looks similar to that which would be obtained by plotting a series of cumulative random numbers. This shows clearly that share prices move randomly at the whim...
-
Given only the original problem parameters, would you recommend upgrading to either RAID 0 or RAID 1 assuming individual disk parameters remain the same in the previous table? For disks in the table...
-
Assume that we are considering the survival of whales and that if the number of whales falls below a minimum survival level m, the species will become extinct. Assume also that the population is...
-
Use cultural imperialism/ cultural homogenization to explain the importance of being a global citizen. Take Korean Wave as an example, to explain how Korean Wave is a kind of cultural imperialism...
-
On January 2, 20X3, Sheldon Bass, a professional engineer, moved from Calgary to Edmonton to commence employment with Acco Ltd., a large public corporation. Because of his new employment contract,...
-
What is meant by the term provisions?
-
Indigo Books & Music Inc. is Canadas largest book, gift, and specialty toy retailer. The company operates more than 200 stores under the Chapters, Indigo, Indigospirit, Coles, SmithBooks, and The...
-
Financial statement data for Gibbons Electronics Company for 2020 follow. Additional information: 1. Equipment that cost $100,000 and had a net carrying amount of $40,000 was sold for $50,000. 2....
-
Provide an example of two samples that are independent. Explain why these samples are independent.
-
Why is it necessary for all values in the confidence interval to be positive to conclude that 1 > 2? What would have to be true to conclude that 1 < 2?
-
Provide an example of two samples that are paired. Explain why these samples are paired.
Study smarter with the SolutionInn App