Chapter 3 Homework part 2

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

This preview shows pages 1–2. Sign up to view the full content.

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 --- 48,230 Feb 1 2008 --- 48,283 (subtract)

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern