Use the data for the year ended 1/30/2004 to make a budget for the year ended 1/28/2005
For this component of the project, an initial (income statement) budget for a single store is needed.
develop a single store budget for Lowe's, using sales growth assumptions based on historical movements in sales per store and using historical data on expenses as a percentage of sales. The Budgeting Example, in the Resources, using Home Depot data provides guidance on how to proceed.
If you have any questions, please contact your instructor.
Submit your budget-both the supporting spreadsheet and the explanation-to the assignment area.
Attachment:- data.xls