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Refer to the financial statements of The Home Depot in Appendix A . ( Note: Fiscal 2 0 2 1 for The Home Depot ran

Refer to the financial statements of The Home Depot in Appendix A.(Note: Fiscal 2021 for The Home Depot ran from February 1,2021 to January 30,2022. As with many retail companies, The Home Depot labels the period Fiscal 2021 even though it ends in the 2022 calendar year. The label Fiscal 2021 is appropriate because Fiscal 2021 includes 11 months from the 2021 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) How much inventory does the company hold on January 30,2022? Does this represent an increase or decrease in comparison to the prior year?

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