The following items, listed alphabetically, appear on Walgreens Boots Alliance, Inc consolidated balance sheet at August 31, 2015 (in millions):

Accrued expenses and other liabilities ...........$ 5,225

Deferred income taxes (long-term) ................... 3,538

Long-term debt .................................................. 13,315

Other non-current liabilities ............................... 4,072

Short-term borrowings ....................................... 1,068

Trade accounts payable ................................... 10,088

Income taxes ........................................................... 176

Required

1. Prepare the Current Liabilities and Long-Term Liabilities sections of Walgreens' classified balance sheet at August 31, 2015.

2. Walgreens had total liabilities of $16,633 and total shareholders' equity of $20,561 at August 31, 2014. Total shareholders' equity at August 31, 2015, amounted to $31,300. (All amounts are in millions.) Compute Walgreens' debt-to-equity ratio at August 31, 2015 and 2014. As an investor, how would you react to the changes in this ratio?

3. What other related ratios would the company's lenders use to assess the company? What do these ratios measure?