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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Refer to the Lowe's 2011 10-K. You should have located these statements for previous assessment problems. Use these statements and your prior knowledge of accounting, supplemented by textbooks or other references of your choosing, including the NOTES to the financial statements found in the Lowe's 2011 10-K, to answer the following questions, which all refer to the fiscal year end 2012. Indicate the source of each answer, including the page number from the Lowe's 2011 10-K.
1.   Does the company have any marketable securities at the end of the year?
1.   How many dollars of marketable securities?
2.   How are they classified? Short-term, long-term, or both?
2.   How much cash did the company use to purchase marketable securities during the year ended in 2011, if any? Where did you look to find this information?
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