Due Tuesday February 13, 2006
You may wish to retain a copy of this homework, as it may not be returned prior to the
Here is fiscal year and fiscal year ending data from The Home Depot, a North
American home improvement retailer.
All amounts are in thousands of dollars
Jan 29, 2006
Jan 30, 2005
Net Credit Sales
Cost of Goods Sold
Find the days of inventory, days of accounts payable, and days of accounts receivable,
for the fiscal year ended Jan. 29, 2006.
How much cash is used or provided by the cash cycle in the fiscal year ended Jan. 29,
The accountant at Pete’s Used Shoe Store is preparing the financial statements for
She needs to close out the temporary accounts.
Here is a list of accounts,
some may be useful.
No dividends were paid during the year.
Assume that Pete’s