(Answered) Refer to the 2013 fiscal year- end financial statements of

Accounting

Refer to the 2013 fiscal year- end financial statements of The Home Depot in Appendix A and Lowe's in Appendix B at the end of this book, or download the annual reports from the Cases section in the Connect library.

Required:

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?

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