The fiscal years for several well-known companies were as follows:

Company Fiscal Year Ending Company Fiscal Year Ending Kmart January 30 Toys "R" Us, Inc.
February 3 J.C.Penney January 26 Federated Department Stores February 3 WQMO Zayre Corp.
January 26 The Limited, Inc.
February 2 Chapter 4 • Completing the Accounting Cycle 169 What general characteristic shared by these companies explains why they do not have fiscal years ending December 31?AppendixLO1