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just need some help on this problem, anything helps, thanks! Answer the following questions by referring to The Home Depot in Apeendxx A. (Note. Fiscal
just need some help on this problem, anything helps, thanks!
Answer the following questions by referring to The Home Depot in Apeendxx A. (Note. Fiscal 2019 for The Home Depot runs from February 4, 2019, to Fobruary 2, 2020. As with many retal companies, The Home Depot labels the period "Fiscal 2019 " even though is onds fin the 2026 cliendar yoat. The label "Fiscal 2019 is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar yeat. The Home Depot explains its choice of fiscil pertod in Noto 1 to its frencial statements) Required: 1. Whero does the company disclose the amount of its Allowance for Doubtul Accounts? (Hent. The company icfers to its Allowance for Doubtul Accounts as a "Valuation Allowance? On the income statement. On the statement of cosh flows. On both the income statement and balance sheet: In the notes to the financlal statements. 2. Compute the companys receivables tumover ratio and days to collect for the year ended Fobruary 2, 2020 (Use 365 days in a years. 523 times and 70 das 54.5 times and 6.7 devs 6.6 times and 553 das 10.2 times and 35.8 days Answer the following questions by referring to The Home Depot in Apeendxx A. (Note. Fiscal 2019 for The Home Depot runs from February 4, 2019, to Fobruary 2, 2020. As with many retal companies, The Home Depot labels the period "Fiscal 2019 " even though is onds fin the 2026 cliendar yoat. The label "Fiscal 2019 is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar yeat. The Home Depot explains its choice of fiscil pertod in Noto 1 to its frencial statements) Required: 1. Whero does the company disclose the amount of its Allowance for Doubtul Accounts? (Hent. The company icfers to its Allowance for Doubtul Accounts as a "Valuation Allowance? On the income statement. On the statement of cosh flows. On both the income statement and balance sheet: In the notes to the financlal statements. 2. Compute the companys receivables tumover ratio and days to collect for the year ended Fobruary 2, 2020 (Use 365 days in a years. 523 times and 70 das 54.5 times and 6.7 devs 6.6 times and 553 das 10.2 times and 35.8 days Step by Step Solution
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