! Required information [The following information applies to the questions displayed below.) Chunky Cheese Pizza has $60.4 million in bonds payable. The bond indenture states that the debt to equity ratio cannot exceed 3.06. Chunky's total assets are $200.4 million, and its liabilities other than the bonds payable are $90.4 million. The company is considering some additional financing through leasing, Required: 1. Calculate total stockholders' equity using the balance sheet equation, (Enter your answers in millions. (.e., $5,500,000 should be entered as 5.5).) Stockholders' Equity Required information The following information applies to the questions displayed below) Chunky Cheese Pizza has $60.4 million in bonds payable. The bond indenture states that the debt to equity ratio cannot exceed 3.06. Chunky's total assets are $200.4 million, and its liabilities other than the bonds payable are $90.4 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 place.) Debt to Equlty Ratio million million Chunky Cheese Pizza has $60.4 million in bonds payable. The bond indenture states that the debt to equity ratio cannot exceed 3.06. Chunky's total assets are $200.4 million, and its liabilities other than the bonds payable are $90.4 million. The company is considering some additionat financing through leasing, 3. The company enters a lease agreement requiring lease payments with a present value of $5.4 million Record the lease. (If no entry Es required for a particular transaction/event, select "No Journal Entry Required in the first account field. Enter your answer in millions. (l.e., $5,500,000 should be entered as 5.5).) View transaction list 1 Journal entry worksheet 1 Record a lease agreement. Note: Enter debits before credits Debit Credit Transaction General Journal Required information [The following information applies to the questions displayed below.) Chunky Cheese Pizza has $60.4 million in bonds payable. The bond indenture states that the debt to equity ratio cannot exceed 3.06. Chunky's total assets are $2004 milion, and its abilities other than the bonds payable are $90.4 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 agreement? Yes No 4-b. Calculate the debt to equity ratio. (Enter your answer in millions. (.e., $5,500,000 should be entered as 5.5). Round ratio answer to 2 decimal places.) Debt to Equity Ratio
