Solved: Compute the long-term debt to long-term capital ratio, Financial Accounting

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Compute the long-term debt to long-term capital ratio

Balance sheet as of January 31, 2009 GAP Inc LTD Brands

Current liabilities 2158 1255

Long term debt 0 2897

Other non current liabilities 1019 946

Shareholders equity 4387 1874

Total 7564 6972

Minimum payment under operating leases

2009 1069 478

2010 927 455

2011 712 416

2012 520 373

2013 386 341

After 2013 1080 1334

Total 4694 3397

a. Compute the present value of operating lease obligations using a 6.25% discount rate.

Assume that all cash ?ows occur at the end of each year. Also assume that the minimum lease payments after 2017 occur evenly over a five-year period.=

b.Re-compute the long-term debt to long-term capital ratio assuming that Starbucks capitalizes operating leases and reports the long-term portion as part of long-term debt.

c. Re-compute the long-term debt to long-term capital ratio assuming that the long-term

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Financial Accounting: Compute the long-term debt to long-term capital ratio

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Financial Accounting: Compute the long-term debt to long-term capital ratio

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