A retail company that leases the majority of its space has total assets of $4,500 mil

lion and total long-term debt of $2,125 million bearing an average interest rate of 10%.

Note 8: Operating leases

A retail company that leases the majority of its s

After adjustment for the off-balance-sheet financing, the debt-to-total-assets ratio for the company is closest to:

A. 58%.

B. 62%.

C. 72%.

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更多“A retail company that leases t…”相关的问题

第1题

Madison Inc. is planning a bond issue. They are considering issuing either a straight coupon bond or a coupon bond with warrants attached. The proceeds from either issue would be the same. What will be the effect on their interest expense and balance sheet liability if they issue the bonds with warrants as compared to the straight bonds? For the bonds with warrants the:

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第2题

Compared to an operating lease, all other things being equal, over the term of a finance lease,

A. The interest coverage ratio will decrease.

B. The return on assets ratio will decrease.

C. The asset turnover ratio will increase.

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第3题

Bao Inc. issued its Class H series bonds at $10,400 on 1/1/x3. Class H bonds have a 10% coupon paid semi-annually and a face value of $10,000, maturing in two years. Using the effective interest method, calculate the amount of interest expense associated with the Class H bonds reported by Bao for the period ending 12/31/x3.

A. $405.

B. $808.

C. $1,000.

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第4题

A firm that reports its lease of a conveyer system as an operating lease must disclose:

A. only the annual lease payment.

B. minimum lease payments for each of the next five years and the sum of lease payments more than five years in the future.

C. minimum lease payments for each of the next ten years and the sum of lease payments more than ten years in the future.

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