EDGAR: Home Depot $($ticker: HD$)$ and Lowe's $($ticker: LOW$)$

Visit

www$.$sec$.$gov$/$edgar and search for the annual reports $(10-$K$)$ of Home Depot and Lowe's for the year ended February $3,2019,$ and February $1,2019,$ respectively, using EDGAR $($Electronic Data Gathering, Analysis, and Retrieval system$).$ Locate the balance sheet and income statement of each company.

Required $1$:

Calculate the inventory turnover ratio and average days in inventory for both companies. Which company more

efficiently manages its inventory?

Required $2$: Calculate the average days in inventory for both companies using amounts in the prior year's annual reports $($note: this will require you to find the annual reports for the prior years$).$ What additional insights do you learn by looking at the time trends in the average days in inventory of the two companies?

Complete this question by entering your answers in the tabs below.

Calculate the inventory turnover ratio and average days in inventory for both companies. Which company more efficiently manages its inventory?

Note: Use $365$ days in a year. Round intermediate calculations and fina

Answer is complete but not entirely correct as seen in the photo. For the required question $2$ I entered $5\mathrm{.}3$ times for the inventory turnover rate for Home Depot and this was correct. Fir the average days I entered $68\mathrm{.}5$ and this was incorrect. For Lowes, I entered $3\mathrm{.}9$ times for the turnover rate and $94\mathrm{.}7$ days and these were incorrect values. Can you help me find the correct values. Thank you.