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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:
Nonmaterial
Pertaining to aspects of a culture or society that are not physical or tangible, such as beliefs, values, rules, and norms.
Social Change
The alteration over time in societal structures and cultural norms and values, which can result from collective human actions, policies, or natural events.
Loosely Defined Norms
Social rules that are not strictly enforced or are vague in nature, often leading to varied interpretations.
Substantial Number
A phrase referring to a significant or considerable amount or quantity of something.
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