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NOTE For this problem, refer to the present value tables at the end of this exam, needed Listed below we selected financial data for Purple

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NOTE For this problem, refer to the present value tables at the end of this exam, needed Listed below we selected financial data for Purple Corporation and the company's operating lease daclosure (all amounts in thousands). The company's tax rate is 35% Property, Plant & Equipment (net Total Assets Long Term Det (Current and Non- Current) Common Shareholders Equity 2012 5178.000 515 000 75.000 2011 $162.000 424 000 67.000 302,000 298,000 Operating Lease Commitments at the end of 2012 Year Reported Lease Commitments 2013 $ 30,000 2014 $ 20,000 2015 $ 20.000 2016 $ 15,000 2017 $ 10.000 Beyond 2017 $ 35.000 As an analyst, you have decid to restate the company's operating leases into capital leases Using the information in the operating fease disclosure and assuming that the company has an incrementa borrowing rate for secured debt of Breutate the operating lenses into capital ses and calculate the adjusted values of the following as of the end of 2012 Plant Property and Equipment Long-Term Debt (it is not necessary to spil this into Current and Non Current Portions) Shareholders' Equity

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