During fiscal 2007, the SUPERVALU grocery chain paid approximately $569 million on its lease contracts-$168 million on capital leases and $401 million on operating leases.
a. How did the operating lease payments affect the income statement, balance sheet, and\ statement of cash flows?
b. How did the capital lease payments affect the income statement, balance sheet, and statement of cash flows?
c. Discuss whether SUPERVALU is practicing off-balance-sheet financing.