Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compare the number of inventory days of Home Depot, Inc. and Lowe's Companies, Inc. for the fiscal year 2023: Company Home Depot, Inc. Lowe's Companies,

Compare the number of inventory days of Home Depot, Inc. and Lowe's Companies, Inc. for the fiscal year 2023:

Company

Home Depot, Inc.

Lowe's Companies, Inc.

Cost of Goods Sold

$15 billion

$12 billion

Average Inventory

$3 billion

$2.5 billion

Inventory Days



Question:

Calculate the number of inventory days for both Home Depot, Inc. and Lowe's Companies, Inc. Which company has a shorter inventory cycle?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ethical Obligations and Decision Making in Accounting Text and Cases

Authors: Steven Mintz, Roselyn Morris

4th edition

978-1259543470, 1259543471, 978-1259730191

More Books

Students also viewed these Accounting questions

Question

How did working from home influence your life?

Answered: 1 week ago

Question

What kind of failure do you find particularly difficult?

Answered: 1 week ago