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Lowe's: Ratio of liabilities to stockholders' equity Lowe's Companies, Inc., a major competitor to The Home Depot in the home improvement retail business, operates over

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Lowe's: Ratio of liabilities to stockholders' equity Lowe's Companies, Inc., a major competitor to The Home Depot in the home improvement retail business, operates over 1,800 stores. Lowe's recently reported the following end-of-year balance sheet data (in millions): Year 3 Year 2 Year 1 Total assets $32,732 $32,666 $33,559 Total liabilities 20,879 18,809 17,026 a. Determine the total stockholders' equity at the end of Years 1, 2, and 3. Total stockholders' equity v Year 1 Year 2 Year 3 b. Compute the ratio of liabilities to stockholders' equity for all three vears. (Roond to two decimal places.) Liabilities to stockholders' equity ratio Year 1 Year 2 Year 3

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