The Home Depot recently reported the following A list of the assets, liabilities, and stockholders' equity as of a specific date, usually at the close of the last day of a month or a year.balance sheet data (in millions):
|
Year 2 |
Year 1 |
| Total assets |
$40,518 |
|
$40,125 |
|
| Total stockholders' equity |
22,620 |
|
21,236 |
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.