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Home Stores reported the following: Total liabilities = $39,785 million and Total assets = $42,966 million. (a) Compute Home Stores debt ratio. (b) Assuming Loews
Home Stores reported the following: Total liabilities = $39,785 million and Total assets = $42,966 million. (a) Compute Home Stores debt ratio. (b) Assuming Loews Hardware (a competitor) has a debt ratio of 60%, which company has higher risk from financial lever Complete this question by entering your answers in the tabs below. Required A Required B Compute Home Stores debt ratio. (Round your answer to one decimal place.) Debt ratio 93.01% Required A Required B Home Stores reported the following: Total liabilities = $39,785 million and Total assets = $42,966 million. (a) Compute Home Stores debt ratio. (b) Assuming Loews Hardware (a competitor) has a debt ratio of 60%, which company has higher risk from financial leverage? Complete this question by entering your answers in the tabs below. Required A Required B Assuming Loews Hardware (a competitor) has a debt ratio of 60%, which company has higher risk from financial leverage? Which company has higher risk from financial leverage?
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