write my assignment 473

Off-Balance Sheet Financing 

During 2016, Thomas Company reported the following unconditional purchase obligations in its footnotes:

Year ending December 31, 2016 

 (in thousands $) 

Less than one year 


1-3 years 


3-5 years 


5-7 years 


If Thomas’ total assets equal $540,000 and its total stockholders’ equity equals $340,000, how would its debt-to-equity ratio change if it reported the unconditional purchase obligations in the balance sheet? (Ignore discounting.) 

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