10.

! Required information [The following information applies to the questions displayed below.) Thrillville has $39.9 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 2.0. Thrillville's total assets are $79.9 million, and its abilities other than the bonds payable are $9.9 million. The company is considering some additional financing through leasing. Required: 1. Calculate total stockholders' equity using the balance sheet equation (Enter your answer in millions rounded to 1 decimal place. (l.e., $5,500,000 should be entered as 5.5).) Stockholders' Equity Liabilities Assets Required information [The following information applies to the questions displayed below) Thrillville has $39.9 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 2.0. Thrillville's total assets are $79.9 million, and its abilities other than the bonds payable are $9.9 million. The company is considering some additional financing through leasing. 2. Calculate the debt to equlty ratio. (Enter your answer in millions rounded to 1 decimal place. (I.e., $5,500,000 should be entered as 5.5) Debt to Equity Ratio 0 Required information [The following information applies to the questions displayed below.) Thrillville has $39.9 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 2.0. Thrillville's total assets are $79.9 million, and its liabilitles other than the bonds payable are $9.9 million. The company is considering some additional financing through leasing. 3. The company enters a lease agreement requiring lease payments with a present value of $14.9 million. Record the lease. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld. Enter your answer In millons (.e., $5,500,000 should be entered as 5.5.).) View transaction list Journal entry worksheet Record a lease agreement Note: Enter debits before credits Account Title Debit No 1 Credit Required information [The following Information applies to the questions displayed below.) Thrillville has $39.9 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 2.0. Thrillville's total assets are $79.9 million, and Its Habilities other than the bonds payable are $9.9 million. The company is considering some additional financing through leasing. 4-a. Will entering into the lease cause the debt to equity ratio to be in violation of the contractual agreement in the bond? Yes ONO 4-b. Determine your answer by calculating the debt to equity ratio after recording the lease. (Enter your answer in millions. ().e., $5,000,000 should be entered as 5.5). Round ratio answer to 2 decimal places.) Debt to Equity Ratio