7 Refer to the summarized financial statements of The Home Depot in Appendix A. (Note: The Home Depot, Inc., fiscal year 2018, ends on February 3, 2019.) Required: 1. The total amount of Accumulated Depreciation (and accumulated depreciation on leasehold improvements) at February 3, 2019, is $20,564 million. What percentage is this of the total cost of property and equipment? (Round your answer to 1 decimal place.) 2/3 points awarded Percentage cost of property and equipment 91.9 X % Scored eBook 2. In the year ended February 3, 2019, The Home Depot reported Depreciation and Amortization Expense of $1,870 million. What percentage of net sales is it?(Round your answer to 1 decimal place.) Print Percentage of net sales 1.7 % References 3. What is the fixed asset turnover ratio for the current year? (Round your answer to 2 decimal places.) Fixed asset turnover ratio 4.87 4. This part of the question is not part of your Connect assignment. THE HOME DEPOT, INC. Consolidated Balance Sheets in millions, except per share data February 3, January 28, 2019 2018 Assets Current assets: Cash and cash equivalents $ 1,778 $ 3,595 Receivables, net 1,936 1,952 Merchandise inventories 13,925 12,748 Other current assets 890 638 Total current assets 18,529 18,933 Net property and equipment 22,375 22,075 Goodwill 2,252 2,275 Other assets 847 1,246 Total assets $ 44,003 $ 44,529 Liabilities and Stockholders' Equity THE HOME DEPOT, INC. Consolidated Statements of Earnings in millions, except per share data Fiscal 2018 Fiscal 2017 Fiscal 2016 Net sales $ 108,203 $ 100,904 $ 94,595 Cost of sales 71,043 66,548 62,282 Gross profit 37,160 34,356 32,313 Operating expenses: Selling general and administrative 19.513 17.864 17.132