Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. As with many retail companies. The Home Depot labels the period "Fiscal 2016 even though it ends in the 2017 calendar year. The label "Fiscal 2016" is appropriate because Fiscal 2016 includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal perlod in Note 1 to its financial statements.) 1. How much inventory does the company hold on January 29, 2017? Does this represent an increase or decrease in comparison to the prior year? $12,549, which is a decrease $11.809, which is a decrease $11,809, which is an increase $12,549, which is an increase 2. What methods) does the company use to determine the cost of its inventory? Describe where you found this Information GO OX