FINANCIAL+MANG.-W/ACCESS PRACTICE SET
13th Edition
ISBN: 9781337575614
Author: WARREN
Publisher: CENGAGE L
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Textbook Question
Chapter 1, Problem 1.26EX
Ratio of liabilities to stockholders' equity
The Home Depot, Inc., is the world's largest home improvement retailer and one of the largest retailers in the United States bused on sales volume. The Home Depot operates over 2,200 Home Depot stores that sell a wide assortment of building materials and home improvement and lawn and garden products.
The Home Depot recently reported the following
| Year 2 | Year 1 | |
| Total assets | $40,518 | $40,125 |
| Total stockholders' equity | 22,620 | 21,236 |
- a. Determine the total liabilities at the end of Years 2 and 1
- b. Determine the ratio of liabilities to stockholders’ equity for Year 2 and Year1 Round to two decimal places.
- c. What conclusions regarding the margin of protection to the creditors can you draw from (b)?
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Chapter 1 Solutions
FINANCIAL+MANG.-W/ACCESS PRACTICE SET
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