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11. ! Required information [The following information applies to the questions displayed below.) Thrillville has $39.9 million in bonds payable. One of the contractual agreements
11.
! 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 liabilities other than the bonds payable are $9.9 million. The company is considering some additional financing through leasing. 2. Calculate the debt to equity ratio (Enter your answer in millions rounded to 1 decimal place. (l.e., $5,500,000 should be entered as 5.5) Debt to Equity Ratio Stockholders' equity $ 30.1 0.00 Step by Step Solution
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