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How much would that increase the capital lease liability

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Reference no: EM131772343

Refer to the financial statements and related disclosure notes of PetSmart, Inc., located in the company's financial statements and related disclosure notes for the year ended February 2, 2014, in Appendix B located at the back of the text. You also can locate the report online at the PetSmart website

Required:

1. See the note on "Financing Arrangements and Lease Obligations" in the disclosure notes. What is PetSmart's capital lease liability?

2. If the operating leases were capitalized, approximately how much would that increase the capital lease liability?

3. What effect would that have on the company's debt to equity ratio? (Refer to the balance sheet.)

Reference no: EM131772343

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