Chapter 3 Homework part 2

Chapter 3 Homework part 2 - Rachel L Gates ACC-240 Chapter...

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Rachel L. Gates ACC-240 Chapter 3 Homework Assignment S3-1 Finding Financial Information Requirement 1. Home Depot’s sales revenue decreased in the year ended February 1, 2009 in comparison to the year ended February 3, 2008. The sales revenues decreased by 6,061 (in millions), in other words, sales revenue decreased by 7.8%. Feb 1 2009 --- 71,288 Feb 3 2008 --- 77,349 (subtract) -6,061 / 77,349 = -0.0783 x 100 = - 7.8% Requirement 2. Cost of Sales is Home Depot’s largest expense, $47,298 (in millions), shown on Home Depot’s Fiscal Year Ended February 1, 2009. This amount decreased in comparison to the fiscal year ended February 3, 2008 by 4,054 (in millions). The expense decreased by 7.9 %. >Cost of Sales Comparison< Feb 1 2009 --- 47,298 Feb 3 2008 --- 51,352 ( subtract) = -4,054 / 51,352 = -0.0789 x 100 = - 7.9% S3-2 Comparing Financial Information Requirement 1. Lowes sales revenues decreased in the year ended January 1, 2009 when compared to year ended Feb 1, 2008 by 53 (in millions). Jan 1 2009 ---
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This note was uploaded on 02/01/2011 for the course ACC 240 taught by Professor Lewis during the Fall '08 term at Eastern Michigan University.

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Chapter 3 Homework part 2 - Rachel L Gates ACC-240 Chapter...

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