Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2019 for The Home Depot runs from February 4 , 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 milions), which is an increase $13,925 (in millions), which is a decrease $13,925 (In millions), which is an increase $14,531 (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? Weighted average cost the Balance Sheet FIFO; Note 1 LIFO: Note 1 Specific identification; Management's Discussion and Analysis 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 yeac.) 7.5 and 48.7 5.1 and 71.6 5.0 and 73.0 7.8 and 46.8 THE HOME DEPOT, INC. romotidatad Dad.... RL... APPENDIX A Excerpis from the Fiscal 201910K Annual Repoirt of The Home Depot, Ins. Fieal 2019 asd fural zul incuvoe 3 wroks, ramal whe mwang ne non. Ser accompanying notes ao conoolidetrd financial a aadenente. THE MOME DEPOT, WC. Consolidated Staterrents of Comprehendve iscame APPENDIX A Excerpts from the Fiscal 201910K Ansual Report of The Home Depot, lsc. THE HOME DEPOT, IMC. Consolidated Statements or Stockholders' Equity APPENDIX A Exaeppts from the Fiscal 2019 10-K Annul Report of The Home Depot, lne THE HOME DEPOT, IMC. Consolidated Statements of Cach Flows Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2019 for The Home Depot runs from February 4 , 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 milions), which is an increase $13,925 (in millions), which is a decrease $13,925 (In millions), which is an increase $14,531 (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? Weighted average cost the Balance Sheet FIFO; Note 1 LIFO: Note 1 Specific identification; Management's Discussion and Analysis 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 yeac.) 7.5 and 48.7 5.1 and 71.6 5.0 and 73.0 7.8 and 46.8 THE HOME DEPOT, INC. romotidatad Dad.... RL... APPENDIX A Excerpis from the Fiscal 201910K Annual Repoirt of The Home Depot, Ins. Fieal 2019 asd fural zul incuvoe 3 wroks, ramal whe mwang ne non. Ser accompanying notes ao conoolidetrd financial a aadenente. THE MOME DEPOT, WC. Consolidated Staterrents of Comprehendve iscame APPENDIX A Excerpts from the Fiscal 201910K Ansual Report of The Home Depot, lsc. THE HOME DEPOT, IMC. Consolidated Statements or Stockholders' Equity APPENDIX A Exaeppts from the Fiscal 2019 10-K Annul Report of The Home Depot, lne THE HOME DEPOT, IMC. Consolidated Statements of Cach Flows
