Business, 11.12.2019 22:31 nathan1010

Luther industries currently has the following balance sheet (in thousands of dollars): assets liabilities cash $500 $4500 debt property, plant, and equipment $7000 $3000 equity total debt plus equity $7500 $7500luther 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: group of answer choicesa. 0.66b. 1.5c. 0.80d. 2.0

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Luther industries currently has the following balance sheet (in thousands of dollars): assets liabil...

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