For the years ended December 31, 2011, and January 1, 2011, Canadian Tire reported the following balance sheet data (in millions):
a. Determine the total liabilities as at December 31, 2011, and January 1, 2011.
b. Determine the debt ratios for 2011 and 2010. Round the percentages to one decimal place.
c. Has the margin of protection for debtholders increased or declined during this time period?