Recent fiscal years for several well-known companeis are as follows: Company Fiscal Year Ending J. C. Penney Company, Inc. …………………………………. January 27 L Brands, Inc. ………………………………………………. January 27 Sears Holdings Corporation ………………………………… January 27 Target Corporation ………………………………………… January 27 The Home Depot, Inc. ……………………………………… January 28 Tiffany & Co. ……………………………………………… January 30 What general characteristic shared by these companies explains why they do not have fiscal years ending December 31?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Recent fiscal years for several well-known companeis are as follows: Company Fiscal Year Ending J. C. Penney Company, Inc. …………………………………. January 27 L Brands, Inc. ………………………………………………. January 27 Sears Holdings Corporation ………………………………… January 27 Target Corporation ………………………………………… January 27 The Home Depot, Inc. ……………………………………… January 28 Tiffany & Co. ……………………………………………… January 30 What general characteristic shared by these companies explains why they do not have fiscal years ending December 31?
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