Question: Complete the requirements below using the most current annual reports or the Forms 10-K for Lowes, a company that sells home-building supplies, and Dominion Resources,

Complete the requirements below using the most current annual reports or the Forms 10-K for Lowe’s, a company that sells home-building supplies, and Dominion Resources, one of the nation’s leading generators of energy. To obtain the Forms 10-K, use either the EDGAR system following the instructions in Appendix A or the companies’ websites. The annual reports can be found on the companies’ websites.

Required

a. Which of these two companies is using debt to finance its assets the most? Show your computations.

b. Provide a logical explanation as to why one of these companies uses more debt to finance its assets than the other.

c. Lowe’s has some lines of credit type arrangements? How much money is available to Lowe’s under these credit arrangements?

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All dollar amounts are in millions a Lowes financed 422 of its assets with liabilities as of January ... View full answer

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