Organic Markets reports operating lease information in its 2016 annual report (in millions). You determine...
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Finance
Organic Markets reports operating lease information in its 2016 annual report (in millions). You determine that a discount rate of 6.0% is appropriate for Organic Markets and calculate the following. What economic liability is potentially left off Organic Markets' balance sheet? Note: Round the remaining lease term to the nearest whole year, using the final lease payment provided as an estimate of annual future payments. Year Minimum operating lease payments $866 2017 2018 1044 2019 1114 2020 1136 2021 1138 Thereafter 12,970 $18,268 Select one: a. $11,138 million b. $18,268 million C. $13,575 million d. $13,407 million
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