Refer to Exhibit 1.26 (Chapter 1)....
To what extent does the capitalization of operating lease obligations affect your assessment of Starbucks' risk?
Please see attachment for case study and questions.
Your tutorial is in Excel (attached). Click in cells to see ...
Your tutorial is in Excel (attached). Click in cells to see computations. Some books use "average assets" and "average debt" but I did not average here. I used 2008 amounts. I have attached the 2008 financial statements to the case file (page 2 & 3) so you can see where I got the amounts.