Coney Island enters into a lease agreement for a new ride valued at $3.8 million. Prior to this agreement, the companys total assets are $30.4 million and its total liabilities are $16.8 million.

Required:

1.

Calculate total stockholders equity prior to the lease agreement. (Enter your answer in millions not in dollars.)

Stockholders' equity__________ {millions}

2&3) Calculate the debt to equity ratio. (Round your answers to 2 decimal places.) Debit to equity ratio: Operating Lease- Capital Lease-