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| Stanford Company leased some special-purpose equipment from Vincent, Inc., under a long-term lease that was treated as an operating lease by Stanford. After the financial statements for the year had been issued, it was discovered that the lease should have been treated as a capital lease by Stanford. All of the following measures relating to Stanford would be affected by this discovery except the A. Debt/equity ratio. B. Accounts receivable turnover. C. Fixed asset turnover. D. Net income percentage. |