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Reformulation for Multi-Year Capitalization of Operating Leases Use the information provided below for Lowe's to answer the requirements. Note: Complete the entire question in Excel
Reformulation for Multi-Year Capitalization of Operating Leases Use the information provided below for Lowe's to answer the requirements. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. 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. b. Does the lease capitalization make a large difference in any of these ratios? Reformulation for Multi-Year Capitalization of Operating Leases Use the information provided below for Lowe's to answer the requirements. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. 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. b. Does the lease capitalization make a large difference in any of these ratios
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