Answer the following questions by referring to the financial statements of The Home
Depot in Appendix A and Lowe’s in Appendix B at the end of this book.
1. For Home Depot what amount of net income was reported (in millions) for the
year ended February 2, 2020?
2. For Home Depot what amount of sales revenue (in millions) was earned for
the year ended February 2, 2020?
3. For Home Depot what was the cost (in millions) of the company’s inventory
on February 2, 2020?
4. For How much cash (in millions) does The Home Depot have on February 2,
2020?
5. Was Lowe’s net income for the year ended January 31, 2020, greater (orless)
than The Home Depot’s?
6. Was Lowe’s sales revenue for the year ended January 31, 2020, greater (or
less) than The Home Depot’s?
7. Did Lowe’s have more (or less) inventory than The Home Depot at the end of
“Fiscal 2020”?
8. Did Lowe’s have more (or less) cash than The Home Depot at the end of“Fiscal
2020”?
9. What reasons do The Home Depot and Lowe’s give for choosing such odd dates
to end their fiscal years?
10. How many weeks are included in “Fiscal 2020” for The Home Depot versus
Lowe’s? If the companies were identical in all other respects, which company
would you expect to report a larger amount of sales revenue?