Question: 1. Did Wal-Mart report a liability for its operating lease on January 31, 2014 balance sheet? By how much? 2. Did Wal-Mart report a liability

1. Did Wal-Mart report a liability for its operating lease on January 31, 2014 balance sheet? By how much?

2. Did Wal-Mart report a liability for its capital lease on January 31, 2014 balance sheet? By how much?

3. Did Wal-Mart report an asset for its operating lease on January 31, 2014 balance sheet? By how much?

4. Did Wal-Mart report an asset for its capital lease on January 31, 2014 balance sheet? By how much?

5.Assuming an interest rate of 5%, compute the present value of the operating lease commitments on January 31, 2014. Show all calculations for credit.

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.

1. Did Wal-Mart report a liability for its operating lease on January 31, 2014 balance sheet? By how much? 2. Did Wal-Mart report a liability for its capital lease on January 31, 2014 balance sheet? By

Note 11. Commitments The Company has long-term leases for stores and equipment. Rentals (including amounts applicable to taxes, insurance, maintenance, other operating expenses and contingent rentals) under operating leases and other short-term rental arrangements were $2.8 billion, $2.6 billion and $2.4 billion in fiscal 2014, 2013 and 2012, respectively. Aggregate minimum annual rentals at January 31, 2014, under non-cancelable leases are as follows

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