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Kefer to the financial statements or ine Home Depot in Appendix A. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019,

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Kefer to the financial statements or ine Home Depot in Appendix A. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019, to February 2, 2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019" even though it ends in the 2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) 1. How much inventory does the company hold on February 2, 2020? Does this represent an increase or decrease in comparison to the prior year? $14,531 (in millions), which is an increase $13,925 (in millions), which is an increase O $14,531 (in millions), which is a decrease O $13,925 (in millions), which is a decrease 2. What method(s) does the company use to determine the cost of its inventory? Where is this information reported? Specific Identification; Management's Discussion and Analysis Weighted average cost; the Balance Sheet O LIFO; Note 1 FIFO; Note 1 3. Compute to one decimal place the company's inventory turnover ratio and days to sell for the year ended February 2, 2020. (Use 365 days in a year.) 5.1 and 71.6 7.8 and 46.8 O 7.5 and 48.7 50 and 73.0

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