Solution-Luther is about to add a new fleet of delivery

Luther is about to add a new fleet of delivery trucks

Reference no: EM13944704

Luther Industries currently has the following balance sheet (in thousands of dollars):

777_68-B-F-F-M (466).png

Luther is about to add a new fleet of delivery trucks. The price of the fleet is $1.5 million. If Luther acquires the new fleet of delivery trucks using a capital lease, Luther's Debt to Equity ratio will be closest to:
0.66
2.0
1.5

Reference no: EM13944704

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Luther is about to add a new fleet of delivery trucks

Reference no: EM13944704

Reference no: EM13944704

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