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

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Refer to the financiar statements of The Home Depot in Apbend x 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 Horve Depot explains its choice of fiscal period in Note 1 to its financial statements.) 1. How much irventory does the company hold on Febrtary 2.2020? Does this represent an increase or decrease in comparison to the prior year? $14.531 (in millions), which is an increase $13,925 (in miloons), which is an inciease $14.5.31 (in millions). Which is a decrease $13,925 (in malions), which is a decrease 2. What method(s) does the company ine to determine the cost of its inventary? Where is this information seported? AIFO. Note 1 Welghted average cost; the Balance Sheet Spectic identificationc Managements Discussion and Analysis uFO, Note 1

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