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.) Required: 1. How much did The Home Depot's sales revenue increase or decrease in the year ended February 2, 2020? Increased $121 (million) Decreased $2,022 (million) O Increased $2,022 (million) Decreased $121 million) 2. What is the largest expense on the income statement for the year ended February 2, 2020, and how much did it change from the previous year? Cost of Sales, which increased $1,610 (million) Selling, General and Administrative Expenses, which increased $227 (million) Selling. General and Administrative Expenses, which decreased $331 (million) Cost of Sales, which decreased $1,610 (million) 3. Which of the following was The Home Depot's net profit margin in the year ended February 2, 2020? $10.29 10.2 percent 34.1 percent $37,572 THE HOME DEPOT, INC. Consolidated Balance Sheets February 2, 2020 "Fiscal 2019 February 3, 2019 "Fiscal 2018" in millions, except per share data ASSETS Current assets Cash and cash equivalents Receivables, net Merchandise inventories Other current assets Total current assets Net property and equipment Operating lease right-of-use assets Goodwill Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: $ 2,133 2,106 14,531 1,040 19,810 22,770 5,595 2,254 807 $ 51,236 $ 1,778 1,936 13,925 890 18,529 22,375 2.252 847 $ 44,003 $ 51,236 $ 44,003 $ 1,339 7.755 1,506 656 1.782 11 1.056 Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt Accounts payable Accrued salaries and related expenses Sales taxes payable Deferred revenue Income taxes payable Current installments of long-term debt Current operating lease liabilities Other accrued expenses Total current liabilities Long-term debt, excluding current installments Long-term operating lease liabilities Deferred income taxes Other long-term liabilities Total liabilities Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,786 shares at February 2, 2020 and 1,782 shares at February 3, 2019, outstanding: 1,077 shares at 974 7,787 1,494 605 2,116 55 1,839 828 2,677 18,375 28,670 5,066 706 1,535 54,352 2.611 16,716 26,807 491 1,867 45,881 M https://exto-cf-media.meduca 491 1,867 45,881 52108 ACCT-2010 France Accounting Concep Question 1. Cha Finding Financial Info - Connect Long-term operating lease liabilities 5,066 Deferred income taxes 706 Other long-term liabilities 1,535 Total liabilities 54,352 Common stock. par value $0.05; authorized: 10,000 shares; issued: 1.786 shares at February 2, 2020 and 1,782 shares at February 3, 2019; outstanding: 1,077 shares at February 2, 2020 and 1,105 shares at February 3, 2019 89 Paid-in capital 11,001 Retained earnings 51,729 Accumulated other comprehensive loss (739) Treasury stock, at cost, 709 shares at February 2, 2020 and 677 shares at February 3, 2019 (65,196) Total stockholders' (deficit) equity (3.116 Total liabilities and stockholders' equity $ 51,236 89 10,578 46,423 (772) (58,196 (1.878 $ 44,003 e accompanying notes to consolidated financial statements. 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.) Required: 1. How much did The Home Depot's sales revenue increase or decrease in the year ended February 2, 2020? Increased $121 (million) Decreased $2,022 (million) O Increased $2,022 (million) Decreased $121 million) 2. What is the largest expense on the income statement for the year ended February 2, 2020, and how much did it change from the previous year? Cost of Sales, which increased $1,610 (million) Selling, General and Administrative Expenses, which increased $227 (million) Selling. General and Administrative Expenses, which decreased $331 (million) Cost of Sales, which decreased $1,610 (million) 3. Which of the following was The Home Depot's net profit margin in the year ended February 2, 2020? $10.29 10.2 percent 34.1 percent $37,572 THE HOME DEPOT, INC. Consolidated Balance Sheets February 2, 2020 "Fiscal 2019 February 3, 2019 "Fiscal 2018" in millions, except per share data ASSETS Current assets Cash and cash equivalents Receivables, net Merchandise inventories Other current assets Total current assets Net property and equipment Operating lease right-of-use assets Goodwill Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: $ 2,133 2,106 14,531 1,040 19,810 22,770 5,595 2,254 807 $ 51,236 $ 1,778 1,936 13,925 890 18,529 22,375 2.252 847 $ 44,003 $ 51,236 $ 44,003 $ 1,339 7.755 1,506 656 1.782 11 1.056 Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt Accounts payable Accrued salaries and related expenses Sales taxes payable Deferred revenue Income taxes payable Current installments of long-term debt Current operating lease liabilities Other accrued expenses Total current liabilities Long-term debt, excluding current installments Long-term operating lease liabilities Deferred income taxes Other long-term liabilities Total liabilities Common stock, par value $0.05; authorized: 10,000 shares; issued: 1,786 shares at February 2, 2020 and 1,782 shares at February 3, 2019, outstanding: 1,077 shares at 974 7,787 1,494 605 2,116 55 1,839 828 2,677 18,375 28,670 5,066 706 1,535 54,352 2.611 16,716 26,807 491 1,867 45,881 M https://exto-cf-media.meduca 491 1,867 45,881 52108 ACCT-2010 France Accounting Concep Question 1. Cha Finding Financial Info - Connect Long-term operating lease liabilities 5,066 Deferred income taxes 706 Other long-term liabilities 1,535 Total liabilities 54,352 Common stock. par value $0.05; authorized: 10,000 shares; issued: 1.786 shares at February 2, 2020 and 1,782 shares at February 3, 2019; outstanding: 1,077 shares at February 2, 2020 and 1,105 shares at February 3, 2019 89 Paid-in capital 11,001 Retained earnings 51,729 Accumulated other comprehensive loss (739) Treasury stock, at cost, 709 shares at February 2, 2020 and 677 shares at February 3, 2019 (65,196) Total stockholders' (deficit) equity (3.116 Total liabilities and stockholders' equity $ 51,236 89 10,578 46,423 (772) (58,196 (1.878 $ 44,003 e accompanying notes to consolidated financial statements