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Question 7 1 pts Use the formulas in your Course Packet on page 77 to answer this question. Approximately how many more (fewer) days did
Question 7 1 pts Use the formulas in your Course Packet on page 77 to answer this question. Approximately how many more (fewer) days did it take Dollar General to pay their accounts payable in fiscal year 2020 (ending 1/29/2021) than it did in fiscal year 2019 (ending 1/31/2020)? Accounts payable at the end of fiscal year 2018 (ending 2/1/2019) was $2,385,469 thousand. For each year (2019 and 2020), round your answer to the nearest whole day. O 1 day more O 3 days more O 3 days fewer O 1 day fewer 2 days more January 29, 2021 January 31, 2020 ASSETS Current assets: Cash and cash equivalents ... Merchandise inventories Income taxes receivable.. Prepaid expenses and other current assets Total current assets.. Net property and equipment. Operating lease assets... Goodwill.... Other intangible assets, net. Other assets, net.... Total assets. $ 1,376,577 $ 240,320 5,247,477 4,676,848 90,760 76,537 199,405 184,163 6,914,219 3,177,868 3,899,997 3,278,359 9.473,330 8,796,183 4,338,589 4,338,589 1.199,870 1,200,006 36,619 34,079 $ 25,862,624 $ 22,825,084 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of operating lease liabilities Accounts payable Accrued expenses and other. Income taxes payable. Total current liabilities. Long-term obligations.. Long-term operating lease liabilities Deferred income taxes.. Other liabilities Commitments and contingencies Shareholders' equity Preferred stock ne 1.000.000 shares authorized, 240,785 and $ 1,074,079 $ 964,805 3,614,089 2,860,682 1,006,552 709,156 16,063 8,362 5,710,783 4,543,005 4,130,975 2.911.993 8,385,388 7,819,683 710,549 675 227 263,691 172,676 21 DOLLAR GENERAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts) --- Net sales... Cost of goods sold Gross profit ... Selling, general and administrative expenses Operating profit. Interest expense Other (income) expense Income before income taxes Income tax expense.. Net income.... Earnings per share: Basic .... Diluted.. Weighted average shares outstanding: Basic Diluted For the Year Ended January 29, January 31, February 1, 2021 2020 2019 $ 33,746,839 $ 27,753,973 $25,625,043 23,027,977 19,264,912 17,821,173 10,718,862 8,489,061 7,803,870 7,164,097 6,186,757 5,687,564 3,554,765 2,302,304 2,116,306 150,385 100,574 99,871 1,019 3,404,380 2,201,730 2,015,416 749,330 489,175 425.944 $ 2,655,050 S 1,712,555 $ 1,589,472 $ 10.70 $ 10.62 $ 6.68 $ 6.64 $ 5.99 5.97 248,171 250,076 256,553 258,053 265,155 266,105 1.16 Dividends per share S 1.44 S 1.28 $ The accompanying notes are an integral part of the consolidated financial statements
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