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3. As of September 26, 2015 Apple Inc. has total non-cancellable leases of $6.3 billion US$ with an average term of 10 years. The 10-year
3. As of September 26, 2015 Apple Inc. has total non-cancellable leases of $6.3 billion US$ with an average term of 10 years. The 10-year before tax interest rate Apple is paying on its financial obligations is 1.625%. The earnings before interest and taxes (EBIT) as of the same date is $71.23 billion US$ while the long-term debt is $53.463 billion US$. What are the restated EBIT and adjusted debt of Apple, Inc. if we capitalize the lease obligations assuming the total current amount outstanding ($6.3 billion) will be paid equally over the next 10 years ($0.63 billion annual lease expense)
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