Solution-Determine the total stockholders equity as of

Determine the total stockholders equity as of January

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Reference no: EM132874811

Problem - Ratio of liabilities to stockholders' equity - Lowe's, a major competitor of The Home Depot in the home improvement business, operates over 1,600 stores. For the years ending January 30, 2009, and February 1, 2008, Lowe's reported the following balance sheet data (in millions):

	Jan. 30, 2009	Feb. 1, 2008
Total assets	$32,686	$30,869
Total liabilities	14,631	14,771

Required -

a. Determine the total stockholders' equity as of January 30, 2009, and February 1, 2008.

b. Determine the ratio of liabilities to stockholders' equity for 2009 and 2008. Round to two decimal places.

c. What conclusions regarding the margin of protection to the creditors can you draw from (b)?

d. Using the balance sheet data for The Home Depot, how does the ratio of liabilities to stockholders' equity of Lowe's compare to that of The Home Depot?

Reference no: EM132874811

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Determine the total stockholders equity as of January

Reference no: EM132874811

Reference no: EM132874811

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