What is the net amount of capital lease assets on the, Financial Accounting

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What is the net amount of capital lease assets on the

Given the Case of Wholesale Food Market.
Complete the Assignment.

Requirements
Prepare a letter to explain the difference between operating and capital leases and answer the following questions which relate to 2011 Whole Foods Market, Inc. financial statements, unless stated otherwise.

•What is the net amount of capital lease assets on the balance sheet?

•What is the total amount of capital lease obligations on the balance sheet?

•Calculate Whole Food Market's total debt to total assets ratio.

•What entry would Whole Food Market make in 2011 to record the effects of capital leases existing at September 25, 2011? You may omit the depreciation entry.

•What is the amount of operating lease obligations on the balance sheet?

•What is the present value of operating lease payments?

•What journal entry would be made to constructively capitalize the leases? (ignore the effects of taxes)

Attachment:- CASE- WHOLESALE FOOD MARKET.rar

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