DOLL 5. HP Inc. leases certain real and personal property under non-cancelable operating leases. HP Inc. te operating lease payments in its 2016 annual report (2 points) (in millions) Les Sables Year 2017 2018 2019 2020 2021 Thereafter Rental Inc Minimum lease payment $199 $204 $175 $136 $75 $279 (5218 Calculate the lease-related liabilities that are potentially missing from HP's 2016 balance sheet Assume a discount rate of 7% and rounding the remaining lease term to the nearest whole year 6. American Eagle Outfitters reported the following operating lease information in a footnote to the 2016 annual report in thousands): (2 points) Fiscal Years 2017 2018 2019 2020 2021 Thereafter Total Future Minimum Lease Payments $ 287,822 260.847 228,085 207,029 182.219 489,739 $1,655,741 a. Calculate the liabilities potentially left off the balance sheet. Assume that the company's implicit discount rate on leases is 6% and round the remaining lease term to the nearest whole year. b. American Eagle Outfitters' balance sheet reveals that the company has $1,782,6 thousand total assets and $578,091 thousand total liabilities. What proportion of assets and liabilities are on balance sheet versus off balance sheet? Assels 3,259574 liabilities 2055,005 Page 4 DOLL 5. HP Inc. leases certain real and personal property under non-cancelable operating leases. HP Inc. te operating lease payments in its 2016 annual report (2 points) (in millions) Les Sables Year 2017 2018 2019 2020 2021 Thereafter Rental Inc Minimum lease payment $199 $204 $175 $136 $75 $279 (5218 Calculate the lease-related liabilities that are potentially missing from HP's 2016 balance sheet Assume a discount rate of 7% and rounding the remaining lease term to the nearest whole year 6. American Eagle Outfitters reported the following operating lease information in a footnote to the 2016 annual report in thousands): (2 points) Fiscal Years 2017 2018 2019 2020 2021 Thereafter Total Future Minimum Lease Payments $ 287,822 260.847 228,085 207,029 182.219 489,739 $1,655,741 a. Calculate the liabilities potentially left off the balance sheet. Assume that the company's implicit discount rate on leases is 6% and round the remaining lease term to the nearest whole year. b. American Eagle Outfitters' balance sheet reveals that the company has $1,782,6 thousand total assets and $578,091 thousand total liabilities. What proportion of assets and liabilities are on balance sheet versus off balance sheet? Assels 3,259574 liabilities 2055,005 Page 4