The company adopted the new lease standard using the modified retrospective method which does not require a restatement of comparative numbers on the balance sheet. What analysis challenge does this present ifwe want to analyze TJX at May 4, 2019?

b. Assume a discount rate of 3. 75% to determine the present value of the operating lease payments at fiscal-year-end February 2, 2019. Use Excel and do not round any of your numbers or subtotals. 

c. What adjustments might we make to the fiscal-year-end numbers to increase the comparability of the TJX balance sheet numbers?

d. Did the new lease standard have a material effect on the TJX balance sheet? Explain.