Reformulation for Multi$-$Year Capitalization of Operating

LeasesUse the information provided below for Lowe's to answer the

requirements.$$Below are the adjustments that analysts would use to account for

Lowe's operating leases as if they were capitalized. Adjustments

are based on the present value of Lowe's operating leases for

fiscal years $2017-2019.$a$.$ Compute the following ratios using the unadjusted and the

adjusted numbers for each year. For simplicity only, use year$-$end

balances for NOA, NNO, and equity.Round ROE, RNOA, and NOPM to one decimal place $($ex: $0\mathrm{.}2345=$

$23\mathrm{.}5\%).$