Use the Table for the Question(s)below

question 10

Multiple Choice

Use the table for the question(s) below.
Luther Industries currently has the following balance sheet (in thousands of dollars) : 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 an operating lease,Luther's Debt to Equity ratio will be closest to:

• A)2.0.
• B)1.5.
• C)0.80.
• D)0.66.

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Definitions:

Means of Subsistence

The necessities required to support life, including food, shelter, and clothing.

Geographic Barriers

Natural features such as mountains, rivers, and deserts that present obstacles to human movement or communication.

Environmental Adaptation

The process by which organisms adjust and change their behavior, physiology, and structure to better suit their environment.

Davis Strait

A body of water located between Greenland and Canada, serving as a significant shipping route and habitat for marine wildlife.