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Coney Island enters into a lease agreement for a new ride. The lease payments have a present value of $2.6 million. Prior to this agreement,
Coney Island enters into a lease agreement for a new ride. The lease payments have a present value of $2.6 million. Prior to this agreement, the company's. total assets are $26.8 million and its total liabilities are $15.6 million. Required: 1. Calculate total stockholders' equity prior to the lease agreement. (Enter your answer in millions not in dollars (.e., $5,000,000 should be entered as 5). Round your answer to 2 decimal places.) Stockholders' equity noes million 2. & 3. Calculate the debt to equity ratio, prior to the lease being signed and immediately after the lease being signed. (Round your answers to 2 decimal places.) Before Lease After Lease Debt to equity ratio
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