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how would i solve for 'minimum least payments under operating leases,' and 'minimum lease payments under capital leases,' and the ratio? are my answers correct?
how would i solve for 'minimum least payments under operating leases,' and 'minimum lease payments under capital leases,' and the ratio? are my answers correct?
K)as follows: Obligations Due, by Period 1-3 Years More than 5 Years Less than 1 Year 3-5 Years Total (millions) Short-term debt. 42 42 $ Long-term debt. Interest on debt. 1,092 1,150 4,671 2,429 2,069 214 402 327 1,126 Capital lease obligations... 46 3 6 31 66 Operating leases (a) 4,254 325 624 547 2,758 Letters of credit 28 28 Other obligations.. 5,022 3,188 825 299 710 2,329 $ 16,132 $ 3,800 $ 2,949 $ 7,054 (a) Operating leases include executed leases not yet commenced. Chapter 3: Notes to the Financial Statements - Question 8 Review your company's lease note (and related balance sheet information), then identify the following amounts $4,254 million (page F-19) $46 million (page F-19) Minimum lease payments under operating leases Minimum lease payments under capital leases 9,247.83% ($4,254 /46) 9,247.83% Ratio of operating lease payments to capital lease yments As a user of reported financial information, would you be concerned about a significant amount of operating leases that are not reported in the balance sheet? Explain K)as follows: Obligations Due, by Period 1-3 Years More than 5 Years Less than 1 Year 3-5 Years Total (millions) Short-term debt. 42 42 $ Long-term debt. Interest on debt. 1,092 1,150 4,671 2,429 2,069 214 402 327 1,126 Capital lease obligations... 46 3 6 31 66 Operating leases (a) 4,254 325 624 547 2,758 Letters of credit 28 28 Other obligations.. 5,022 3,188 825 299 710 2,329 $ 16,132 $ 3,800 $ 2,949 $ 7,054 (a) Operating leases include executed leases not yet commenced. Chapter 3: Notes to the Financial Statements - Question 8 Review your company's lease note (and related balance sheet information), then identify the following amounts $4,254 million (page F-19) $46 million (page F-19) Minimum lease payments under operating leases Minimum lease payments under capital leases 9,247.83% ($4,254 /46) 9,247.83% Ratio of operating lease payments to capital lease yments As a user of reported financial information, would you be concerned about a significant amount of operating leases that are not reported in the balance sheet? ExplainStep by Step Solution
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