Question: Convenience store operator Alimentation Couche-Tard Inc. reported the following selected information for the years ended April 29, 2012, and April 24, 2011 (in U.S. $

Convenience store operator Alimentation Couche-Tard Inc. reported the following selected information for the years ended April 29, 2012, and April 24, 2011 (in U.S. $ millions):

(a) Calculate the debt to total assets ratio for each year.
(b) Was the company's solvency stronger or weaker in 2012 compared with 2011?

2012 $1,337.4 3,115.8 1,566.8 2011 $1,242.2 Current assets Non-current assets Current liabilities Non-current liabilities 2,684.0 977.4 969.4

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