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RONA inc a major competitor in the home improvement businessa. Determine the total equity as at December 25, 2011 and December 26, 2010.b. Determine the debt ratios for 2011 and 2010. Round the percentages to one decimal place.c. What conclusions can you draw from (b) regarding the margin of protection to the creditors?d. Using the balance sheet data for Canadian Tire Corporation from Exercise 17-18, how does RONA’s debt ratio compare with that of Canadian Tire?

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