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 $2,2020.)$

Required:

What amount of Net Sales $($in millions$)$ does the company report during the year ended February $2,2020?$

$$110,225$

$$72,653$

$$37,572$

$$11,242$

Assuming that Cost of Sales is the company's term for Cost of Goods Sold, compute the company's gross profit percentage for fiscal $2019$ and the year immediately prior to that.

$65\mathrm{.}9\%$ and $65\mathrm{.}7\%$

$34\mathrm{.}1\%$ and $34\mathrm{.}3\%$

$67\mathrm{.}1\%$ and $70\mathrm{.}4\%$

$32\mathrm{.}9\%$ and $29\mathrm{.}6\%$

Assume that The Home Depot experienced no shrinkage in the most current year. Using the balance sheet and income statement, estimate the amount of purchases $($in millions$)$ in the year ended February $2,2020.$

$$110,831$

$$72,653$

$$72,047$