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Required information [The following information applies to the questions displayed below.] Thrillville has $40 million in bonds payable. One of the contractual agreements in
Required information [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. Required: 1. Calculate total stockholders' equity using the balance sheet equation. (Enter your answer in millions rounded to 1 decimal place (ie., $5,500,000 should be entered as 5.5).) Stockholders' Equity minus
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