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 period in Note 1 to its financial statements.) How much inventory does the company hold on January 29, 2017? Does this represent an increase or decrease in comparison to the prior year? $11,809, which is an increase $12,549, which is an increase $12,549, which is a decrease $11,809, which is a decrease What method(s) does the company use to determine the cost of its inventory? Describe where you found this information. Specific Identification; Management’s Discussion and Analysis Weighted average cost; the Balance Sheet LIFO; Note 1 FIFO; Note 1 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.) 5.0 times per year and 73.0 days 7.8 times per year and 46.8 days 5.1 times per year and 71.6 days 7.5 times per year and 48.7 days