Description

The ACME Construction Company has a growing construction business and Mr. Coyote, the President, believes they need many new trucks to accommodate this great business opportunity that is planned for in their strategic plan.   The main concern of Mr. Coyote is that buying the new trucks will require additional debt that will negatively impact the company’s liquidity and make his solvency ratios look bad.  What other options could Mr. Coyote employ other than purchasing the trucks, and how will these options affect the ACME Construction Company’s financial statements?

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