Walmart Integrative Lease Obligations Discussion solution

Walmart Integrative Lease Obligations Discussion

Order ID	53563633773
Type	Essay
Writer Level	Masters
Style	APA
Sources/References	4
Perfect Number of Pages to Order	5-10 Pages

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M4A1: Walmart Integrative Case 7.1 (Chapter 7 p.485)

Grading and Mark Allocation:
This assignment is graded out of 100% and specific point allocation for each part of the assignment is shown in brackets ([ ]) at the end of each question. For the calculation based questions all the steps need to be shown clearly.
Required:
1. Effectively capitalize the operating lease obligations. You must first choose and justify an interest rate. Assume that all cash flows occur at the end of each year and assume 10 periods for the ‘Thereafter’ period. You will need to indicate the Present value factor and the present value for each of the period(s) examined. One suggestion for the interest rate would be to divide the interest expense for the fiscal year ending January 31, 2016, by the average of the January 31, 2016, and January 31, 2015, interest-bearing debt. [Total 50 points: 40 points for capitalization and 10 points for justification of interest rates].
2. Re-compute the long-term debt to long-term capital ratio using your capitalized operating leases. [30 points: 10 points for calculation of long-term debt to long-term capital without the capitalized operating lease and 20 points for calculation of long-term debt to long-term capital with the capitalized operating lease]
3. Based on your results in (B) discuss what insights you have obtained regarding the financial position and risk of Walmart [20 points]

***The portion below came from my book. It states to go on Walmart website to get the info. I don’t see the actual article in my book***
INTEGRATIVE CASE 7.1 Walmart
It is common practice for retail outlets to lease their store locations and distribution centers. Walmart is no exception. Note 11 to Walmart’s consolidated financial statements for the fiscal year ending January 31, 2016 (found online at the text website or available for download in the investor relations section of Walmart’s website), provides information on future operating lease commitments.
REQUIRED a. Effectively capitalize the operating lease obligations. You must first choose and justify an interest rate. Assume that all cash flows occur at the end of each year.
b. Recompute the long-term debt to long-term capital ratio (see Chapter 5) using your capi-talized operating leases. Comment on the results
Customer files

 

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And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. 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The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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