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s7-2 comparing financial information refer to the financial statement of the home depot in appendix a...

s7-2 comparing financial information refer to the financial statement of the home depot in appendix a and lowes in appendix b at the end of this book (note: fiscal 2016 for the home depot runs from February 1, 2016, to January 29, 2017. Fiscal for 2016 for Lowe's runs from January 30, 2016, to February 3, 2017.)

1. does lowes hold more or less inventory than home depot at the end of fiscal 2016?

2. what method does lowes use to determine the cost of the majority of its inventory? comment on how this affects comparisons you might make between lowes and the home depot inventory turnover ratio.

3. compute to one decimal place lowes inventory turnover ratio and days to sell for fiscal 2016 and compare to the home depots. what does this analysis suggest to you?

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ekkarill92 answered 1 year ago
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