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McDonald's 2006 financial statements contain the following selected data (in millions).
Current assets $3,625.3 Interest expense $402.0
Total assets 29,023.8 Income taxes 1,293.4
Current liabilities 3,008.1 Net income 3,544.2
Total liabilities 13,565.5
(a) Compute the following values
Debt to total assets ratio
Times interest earned
(b) The notes to McDonald's financial statements show that subsequent to 2006 the company will have future minimum lease payments under operating leases of $11,119.8 million. If these assets had been purchased with debt, assets and liabilities would rise by approximately $9,900 million. Recompute the debt to total assets ratio after adjusting for this.