(Describing a firm's capital structure) Lowe's Companies, Inc. (LOW) and its subsidiaries operate as a home improvement retailer in the United States and Canada. As of February 1, 2008, it operated 1,534 stores in 50 states and Canada. The company's balance sheet for February 1, 2008, included the following sources of financing: . a. Lowe's debt ratio is % (Round to one decimal place) Towing sources or inanong: a. Calculate the values of Lowe's debt ratio and interest-bearing debt ratio b. If the market value of Lowe's common equity is $35.86 billion and Lowe's has no excess cash, what is the firm's debt-to-enterprise-value ratio? (Hint: you may assume that the market value of the firm's interest-bearing debt equals its book value.) a. Lowe's debt ratio is % (Round to one decimal place) dia Paste BIU V a. Av Office Update To keep up-to-date with security updates, fixes, and in A1 X Vfx In Thousands of Dollars A B D 1 In Thousands of Dollars Financial Structure 2 Liabilities 3 Current liabilities 4 Accounts payable $4,137,000 5 Short/current debt $1,104,000 6 Other current liabilities $2,510,000 7 Total current liabilities $7,751,000 8 Long-term debt $5,576,000 9 Other long-term liabilities $670,000 10 Long-term liabilities $6,246,000 11 Stockholder equity $16,098,000 12 Total $30,095,000 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 UN 24