1. In a minimum of a paragraph, answer each question. 2. Pick two peers' postings and review. Then comment in no less than one paragraph why you found the information helpful, informative, etc. You must present new ideas and/or thoughts, merely stating that you agree/disagree is not enough to earn full points. Please remember to provide a reference for each peer review. 3. Students will not be able to see peers' postings before posting their initial post. Once you make your initial post, you are not permitted to edit. If edits are needed, you will need to reply to the original post and make the corrections there. 4. A paragraph is considered a minimum of 4-6 sentences. 5. All sources must be provided using the appropriate reference. . No copying and pasting of information in any discussion post (including peer responses). All work must be presented entirely in your own words no exceptions!! You also cannot only change a few words from a source, as the main goal is for you to develop your own ideas to show that you understand the material. Please note-if copying and pasting is found or the submission is not in your own words, you will receive a zero for the assignment and a warning about academic dishonesty. The next instance of academic dishonestly will result in failure of the course and possible expulsion from the college. Please review the college catalog for more information about academic integrity. Please answer the following question(s): Walmart Inc. is the world's largest retailer. A large portion of the premises that the company occupies are leased. Its financial statements and disclosure notes revealed the following information: Balance Sheet ($ in millions) ($ in millions) 2017 2016 Assets Property: Property under finance lease obligations 11,6 $ 37 11,0 $ 96 Less: Accumulated amortization (5,1 69) (4,75 1) w Liabilities Current liabilities: Finance lease obligations due within one year 565 551 Long-term debt: 6,00 5,81 Long-term finance lease obligations 3 6 quired: The net asset property under finance lease obligations has a 2017 balance of $6,468 million ($11,637 - $5,169). Liabilities r these leases total $6,568 ($565 + $6,003). Why do the asset and liability amounts differ? Prepare a 2017 summary entry to record Walmart's lease payments, which were $800 million. What is the approximate average interest rate on Walmart's finance leases? Explain what an average interest rate is and why is important to Walmart. earch entries or author Unread Reply plies are only visible to those who have posted at least one reply. Next >