Refer 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 retail companies, The Home Depot labels the period 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.)

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2. What is the largest expense on the income statement for the year ended January 29, 2017, and how much did it change from the previous year? OSelling, General and Administrative Expenses, which decreased $331 (million) OCost of Sales, which increased $4,028 (million) Cost of Sales, which decreased $4,028 (million) Selling, General and Administrative Expenses, which increased $331 (million) 3. Which of the following was The Home Depot's net profit margin in the year ended January 29, 2017? $7,957 O 8.4% 34.2% $6.47