Refer to the financlal 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 retall companies, The Home Depot labels the perlod "Flscal 2016 even though It ends In the 2017 calendar year. The label "Fiscal 2016" is approprlate 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.) . How much Inventory does the company hold on January 29, 2017? Does thls represent an Increase or decrease In comparison to the prior year? $11,809, which is a decrease $12,549, which is a decrease o $11,809, which is an increase $12,549, which is an Increase 2 What method(s) does the company use to determine the cost of Its Inventory? Describe where you found this Information O Weighted average cost, the Balance Sheet LIFO; Note 1 Specific Identification, Management's Discussion and Analysis OFIFO: Note 1 3. Compute to one decimal place the company's Inventory turnover ratio and days to sell for the year ended January 29, 2017. (Use 365 days In a year.) 5.1 times per year and 71.6 days 7.8 times per year and 46.8 days 7.5 times per year and 48.7 days 5.0 times per year and 73.0 days Refer to the financlal 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 retall companies, The Home Depot labels the perlod "Flscal 2016 even though It ends In the 2017 calendar year. The label "Fiscal 2016" is approprlate 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.) . How much Inventory does the company hold on January 29, 2017? Does thls represent an Increase or decrease In comparison to the prior year? $11,809, which is a decrease $12,549, which is a decrease o $11,809, which is an increase $12,549, which is an Increase 2 What method(s) does the company use to determine the cost of Its Inventory? Describe where you found this Information O Weighted average cost, the Balance Sheet LIFO; Note 1 Specific Identification, Management's Discussion and Analysis OFIFO: Note 1 3. Compute to one decimal place the company's Inventory turnover ratio and days to sell for the year ended January 29, 2017. (Use 365 days In a year.) 5.1 times per year and 71.6 days 7.8 times per year and 46.8 days 7.5 times per year and 48.7 days 5.0 times per year and 73.0 days