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Gustafson archery construction is trying to determine how to classify at least they have just signed the lease requires JC to make equal payments of

Gustafson archery construction is trying to determine how to classify at least they have just signed the lease requires JC to make equal payments of $4061 each year for 8 years. the lease also include two 4 year renews GAC has determined that 1 of these renewals were present a bargain renewal option and the other does not the estimated economic life of the assets being leased is 37 years when performing the lease term test what ratio would GAC calculate for this test. hint this is the number that would be compared to 75

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