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Ratio of liabilities to Stockholders' Equity
The Home Depot is the world's largest home improvement retailer and one of the largest retailers in the United States based on net cr4< volume. The Home Depot operates over 2,200 Home Depot's' stores that sell a wide assortment of building materials and home improvement and lawn and garden products.
The Home Depot recently reported the following balance sheet data (in millions):
Year 2 Year 1Total assets 539,946 40,518Total stockholders' equity 9,322 12,522
Question a. Determine the total liabilities at the end of Years 2 and Year 1Question b. Determine the ratio of liabilities to stockholders' equity for Year 2 and Year 1. Round your answers to two decimal places.
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