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Ratio of Liabilities to Stockholders' Equity The Builder's Outlet, is the world's largest home improvement retailer and one of the largest retailers in the United States based on net sales volume. The Builder's Outlet operates over 2,200 Builder's Outlet stores that sell a wide assortment of building materials and home improvement and lawn and garden products. Builder's Outlet recently reported the following balance sheet data (in millions): Year 2 Year 1 Total assets $37,265 $62,272 Total stockholders' equity 25,700 27,800 a. Determine the total liabilities at the end of Years 2 and 1. Year 2 X million Year 1 X million b. Determine the ratio of liabilities to stockholders' equity for Year 2 and Year 1. Round your answers to two decimal places. Year 2 X Year 1 c. The ratio of liabilities to stockholders' equity decreased indicating a decrease in risk for creditors from Year 1 to Year 2. Feedback Check My Work a. Rearrange the accounting equation to calculate the total liabilities. b. The ratio uses total liabilities and total stockholders' equity