Answer the following questions by referring to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. As with many retall companles, The Home Depot labels the perlod "Fiscal 2016" even though It ends In the 2017 calendar year. The label "FIscal 2016" is appropriate because Fiscal 2016 Includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal period In Note 1 to its financial statements.) 1. Where does the company disclose the amount of Its Allowance for Doubtful Accounts? (Hint The company refers to Its Allowance for Doubtful Accounts as a "Valuation Reserve related to Accounts Recelvable.") OOn the Income statement. OOn the statement of cash flows O On both the Income statement and balance sheet O In the notes to the financial statements 2 Compute the company's recelvables turnover ratio and days to collect for the year ended January 29, 2017. (Use 365 deys In a year.) 46.6 times and 7.8 days 7.5 times and 48.7 days O 12.2 times and 30.0 days 48.3 times and 7.6 days Answer the following questions by referring to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. As with many retall companles, The Home Depot labels the perlod "Fiscal 2016" even though It ends In the 2017 calendar year. The label "FIscal 2016" is appropriate because Fiscal 2016 Includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal period In Note 1 to its financial statements.) 1. Where does the company disclose the amount of Its Allowance for Doubtful Accounts? (Hint The company refers to Its Allowance for Doubtful Accounts as a "Valuation Reserve related to Accounts Recelvable.") OOn the Income statement. OOn the statement of cash flows O On both the Income statement and balance sheet O In the notes to the financial statements 2 Compute the company's recelvables turnover ratio and days to collect for the year ended January 29, 2017. (Use 365 deys In a year.) 46.6 times and 7.8 days 7.5 times and 48.7 days O 12.2 times and 30.0 days 48.3 times and 7.6 days