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! Required information [ The following information applies to the questions displayed below. ] Thrillville has $ 4 0 million in bonds payable. One of

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[The following information applies to the questions displayed below.]
Thrillville has $40 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 $80 million, and its liabilities other than the bonds payable are $10 million. The company is considering some additional financing through leasing.
2. Calculate the debt to equity ratio. (Enter your answers in millions (i.e., $5,500,000 should be entered as 5.5). Round ratio answer to 2 decimal places. Do not round intermediate calculations.)
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