Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prior to beginning work on this discussion, please read the article by Hayley Peterson, 15 Companies That Are Defying the Retail Meltdown by Opening Hundreds

Prior to beginning work on this discussion, please read the article by Hayley Peterson, 15 Companies That Are Defying the Retail Meltdown by Opening Hundreds of New Stores (Links to an external site.)Links to an external site..

While many retailers are closing stores, some are rapidly building new locations, with at least oneDollar General (NYSE: DG)adding as many as 900 stores this year (Peterson, 2018).

Obtain Dollar Generals Form 10-K for the fiscal year ending on December 31, 2017. Form 10-K can be obtained either from the SEC (Links to an external site.)Links to an external site.s EDGAR Filing system or the Investor Relations link on the companys website at www.dollargeneral.com (Links to an external site.)Links to an external site.. Read the Growth Strategies and the Consolidated Statements of Cash Flows sections of Dollar Generals 10-K Form to answer the following questions in an initial post of at least 200 words:

  • How many stores is Dollar General planning to open during its 2018 and 2019 fiscal years? By what percentage would these new stores increase the size of the company?
  • How much cash did General Dollar spend on investing activities during its 2016, 2017, and 2018 fiscal years? Do you think the amount spent on investing activities represents the full costs that General Dollar incurred to open new stores? Explain you answer.
  • Where did General Dollar get the cash used to make these investments?

https://www.businessinsider.com/retailers-opening-new-stores-this-year-2018-1

https://www.dollargeneral.com/

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

ACC 120 Wake Tech Financial Accounting W Connect Plus Access

Authors: J. David Spiceland

1st Edition

1308168926, 978-1308168920

More Books

Students also viewed these Accounting questions

Question

Complexity of linear search is O ( n ) . Your answer: True False

Answered: 1 week ago