Ratio of Liabilities to Stockholders' Equity The Builder's Outlet, is the world's largest home improvement retailer and one of the largest retailers in the United States based on net sales volume. The Builder's Outlet operates over 2,200 Builder's Outlet stores that sell a wide assortment of building materials and home improvement and lawn and garden products Builder's Outlet recently reported the following balance sheet data (in millions): Year 1 $113,724 35,100 Year 2 Total assets $49,725 Total stockholders' equity 32,500 a. Determine the total liabilities at the end of Years 2 and 1. Year 2 millon million Year 1 b. Determine the ratio of liabilities to stockholders equity for Year 2 and Year 1. Round your answers to two decimal places. Year 2 Year 1 c. The ratio of liabilities to stockholders' equity indicating nisk for creditors from Year 1 to Year 2.
Ratio of Liabilities to Stockholders' Equity The Builder's Outlet, is the world's largest home improvement retailer and one of the largest retailers in the United States based on net sales volume. The Builder's Outlet operates over 2,200 Builder's Outlet stores that sell a wide assortment of building materials and home improvement and lawn and garden products Builder's Outlet recently reported the following balance sheet data (in millions): Year 1 $113,724 35,100 Year 2 Total assets $49,725 Total stockholders' equity 32,500 a. Determine the total liabilities at the end of Years 2 and 1. Year 2 millon million Year 1 b. Determine the ratio of liabilities to stockholders equity for Year 2 and Year 1. Round your answers to two decimal places. Year 2 Year 1 c. The ratio of liabilities to stockholders' equity indicating nisk for creditors from Year 1 to Year 2.
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 26E
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