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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

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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 $55,954 $80,442 Total stockholders' 20,200 21,800 equity a. Determine the total liabilities at the end of Years 2 and 1. Year 2 $ million Year 1 $ 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 Year 1

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