Solved by verified expert :1. Assuming an interest rate of 5%, compute the present value of the operating lease commitments on January 31, 2014. Show all calculations for credit.2. Did Wal-Mart report a liability for its operating lease on January 31, 2014 balance sheet? By how much?3. Did Wal-Mart report a liability for its capital lease on January 31, 2014 balance sheet? By how much?4. Did Wal-Mart report an asset for its operating lease on January 31, 2014 balance sheet? By how much?5. Did Wal-Mart report an asset for its capital lease on January 31, 2014 balance sheet? By how much?6. Calculate the Liabilities to Assets ratio and Long-term Debt Ratio for Wal-Mart as of January 31, 2014, using the amounts originally reported in its balance sheet for the year.7. Assuming that Wal-Mart was required to capitalize its operating lease, calculate the company’s 2014’s Liabilities to Assets ratio and Long-term Debt Ratio.8. Comment on the results from part 6 and 7.
