1.What is the campany's revenue recongnition policy?
2.Assuming that $50 million of cost of sales was due to non inventory purchase expenses (distribution and occupancy cost ), how much inventory did the company buy during the year?
3. Calculate seneral administrative , and sellion expenses of sales for the years ended January 31, 2009, and January 31, 2008, By what percent did these expenses increase or decrease from fical year 2007 and 2008? The campany's fiscal year ends on January 31, 2009.
4. Compute the company's total assets turnover for the year ended January 31, 2009, explain its meaning.