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

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Refer to the financial statements of The 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.) How much inventory does the company hold on February 2, 2020? Does this represent an increase or decrease in comparison to the prior year? $13,925 (in millions), which is an increase $14,531 (in millions), which is a decrease $13,925 (in millions), which is a decrease. $14,531 (in millions), which is an increase 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 LIFO; Note 1 FIFO; Note 1 Specific Identification; Management's Discussion and Analysis < Prev 8 of 8 Next >

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