The fiscal years for several well known companies are as follows:
|
Company |
Fiscal Year Ending |
Company |
Fiscal Year Ending |
|
Kmart |
January 30 |
Toys “R” Us, Inc. |
February 3 |
|
JCPenney |
January 26 |
Federated Department |
February 3 |
|
|
|
Stores, Inc. |
|
|
Target Corp. |
January 28 |
The Limited, Inc. |
February 2 |
What general characteristic shared by these companies explains why they do not have fiscal years ending December 31?