Question

Lowe’s, a major competitor of The Home Depot in the home improvement business, operates over 700 stores. For the years ending January 31, 2003, and February 1, 2002, Lowe’s reported the following balance sheet data (in millions):


a. Determine the total stockholders’ equity as of January 31, 2003, and February 1, 2002.
b. Determine the ratio of liabilities to stockholders’ equity for 2003 and 2002. Round to two decimal places.
c. What conclusions regarding the margin of protection to the creditors can you draw from (b)?
d. How does the ratio of liabilities to stockholders’ equity of Lowe’s compare to that of The HomeDepot?


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  • CreatedNovember 02, 2012
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