The Green Tea Company reported the following comparative information at December 31, 2016, and December 31,...
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The Green Tea Company reported the following comparative information at December 31, 2016, and December 31, 2015 (amounts in millions and adapted): I (Click the lcon to view the amounts.) Read the requirements Requirement 3. The Green Tea Company reports that its lease payments under operating leases will total $920 million in the future and $240 million will occur in the next year (2017), What would the current ratio and debt ratio have been in 2016 if these leases had been capitalized? Select the formula to compute the current ratio. Then enter the amounts into the formula and caloulate the ourrent ratio at the end of 2016 assuming that these leases had been capitalized. (Enter amounts in millions. Round your answers to two decimal places ) Current ratio Next, select the formula to compute the debt ratio. Then enter the amounts into the formula and calculate the debt ratio at the end of 2016 assuming that these leases had been capitalized. (Enter amounts in millions. Round your answers to thwo decimal places.) Debt ratio Choose from any list or enter any number in the input fields and then continue to the next question. 2016 2015 Current assets ..$ 21,200 $ 17,100 Total assets 70,800 46,400 Current liabilities 17,500 13,900 Total stockholders' equity 30,400 25,100 Net sales 35,600 30,700 Net income 11,625 6,870 The Green Tea Company reported the following comparative information at December 31, 2016, and December 31, 2015 (amounts in millions and adapted): I (Click the lcon to view the amounts.) Read the requirements Requirement 3. The Green Tea Company reports that its lease payments under operating leases will total $920 million in the future and $240 million will occur in the next year (2017), What would the current ratio and debt ratio have been in 2016 if these leases had been capitalized? Select the formula to compute the current ratio. Then enter the amounts into the formula and caloulate the ourrent ratio at the end of 2016 assuming that these leases had been capitalized. (Enter amounts in millions. Round your answers to two decimal places ) Current ratio Next, select the formula to compute the debt ratio. Then enter the amounts into the formula and calculate the debt ratio at the end of 2016 assuming that these leases had been capitalized. (Enter amounts in millions. Round your answers to thwo decimal places.) Debt ratio Choose from any list or enter any number in the input fields and then continue to the next question. 2016 2015 Current assets ..$ 21,200 $ 17,100 Total assets 70,800 46,400 Current liabilities 17,500 13,900 Total stockholders' equity 30,400 25,100 Net sales 35,600 30,700 Net income 11,625 6,870
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Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
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