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Please help!! thank you Answer the following questions by referring to The Home Depot in Appendx A. (Note: Fiscal 2019 for The Home Depot runs
Please help!! thank you
Answer the following questions by referring to The Home Depot in Appendx A. (Note: Fiscal 2019 for The Home Depot runs from February 4. 2019. to February 2.2020. As with many retail companies. The Home Depot labels the period "Fiscal 2019 even though it year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. Where does the company disciose the amount of its Allowance for Doubtful Accounts? (Hint. The company refers to its Allowance for Doubtful Accounts as a "Valuation Allowance.") On the income statement. On the statement of cash flows: On both the income statement and balance sheet. In the notes to the financial statements. 2. Compute the company's recelvables turnover ratio and days to coliect for the year ended February 2, 2020. (Use 305 days in o year.) 52:3 times and 70 dsys 54.5 times and 6.7 doy's 5.6 times and 553 days 10.2 tmek and 35.8 days TME MOME DEPOT, HC. Consolidated Balance Sheets THE HOME D EPOT, IMC. Consolidated Statements Of Earnings Fincul 2019 and fixcul 2017 inchude 52 werit. Furid 2018 int ludes 5 s wethe THL HOME DEPOT; INC. Consobidated Statements Of Comprehensive income APPENDIX A Frcetpts from the Fiscal 201910.K Annual Report of The Home Depot, Inc. THE HOME DEPOT, INC. Cons cidated Statements of Cashi Flows Step by Step Solution
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