=+Lowes, a major competitor of The Home Depot in the home improvement business, operates over 1,300 stores.

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=+Lowe’s, a major competitor of The Home Depot in the home improvement business, operates over 1,300 stores. For the years ending February 2, 2007, and February 3, 2006, Lowe’s reported the following balance sheet data (in millions): 2007 2006 Total assets $27,767 $24,639 Total liabilities 12,042 10,343

a. Determine the total stockholders’ equity as of February 2 , 2007, and February 3, 2006.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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