(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.

In Thousands of Dollars Financial Structure

Liabilities

Current liabilities

Accounts payable $4,137,000

Short-term/current debt $1,104,000

Other current liabilities $2,510,000

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Total current liabilities $7,751,000

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Long-term debt $5,576,000

Other long-term liabilities $670,000

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Long-Term Liabilities $6,246,000

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Stockholder equity $16,098,000

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Total $30,095,000

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 ration? (Hint: you may assume that the market value of the firm's interest- bearing debt equals its book value.)

(Round to one decimal place.)