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Refer to the financial statements of The Home Depot in Appendix A.(Note: Fiscal 2019 for...

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Accounting

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
2. 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.
65.9% and 65.7%
34.1% and 34.3%
67.1% and 70.4%
32.9% and 29.6%
3. 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.
$72,047
$72,653
$73,259
$110,831
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