Required Information The following information applies to the questions displayed below) Chunky Cheese Pizza has $61.7 million in bonds payable. The bond Indenture states that the debt to equity ratio cannot exceed 3.20 Chunky's total assets are $201.7 million, and its abilities other than the bonds payable are $917 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. (l.e., 55,500,000 should be entered as 5.5).) Stockholders' Equity Required Information The following information applies to the questions displayed below) Chunky Cheese Pizza has $61.7 million in bonds payable. The bond indenture states that the debt to equity ratio cannot exceed 3.20. Chunky's total assets are $2017 million, and its liabilities other than the bonds payable are $917 million. The company is considering some additional financing through leasing 2. Calculate the debt to equity ratio. (Enter your answers in millions. (l.e., 85,500,000 should be entered os 5.5). Round ratio answer to 2 decimal place.) Debt to Equity Ratio milion million Required Information (The following information appiles to the questions displayed below) Chunky Cheese Pizza has $61.7 million in bonds payable. The bond Indenture states that the debt to equity ratio cannot exceed 3.20 Chunky's total assets are $201.7 million, and its abilities other than the bonds payable are $917 million. The company is considering some additional financing through leasing 3. The company enters a lease agreement requiring lease payments with a present value of $67 million Record the lease. (If no entry Is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Enter your answer In millions. (I.e., $5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet 1 Record a lease agreement. Notes for its General Journal Deb Crecht casa 0 Required Information The following information applies to the questions displayed below.) Chunky Cheese Pizza has $61.7 million in bonds payable. The bond Indenture states that the debt to equity ratlo cannot exceed 3.20. Chunky's total assets are $2017 million, and its liabilities other than the bonds payable are $917 millon. 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? O Yes O No 4-b. Calculate the debt to equity ratio. (Enter your answer in millions. (I.e., $5,500,000 should be entered as 5.5). Round ratio answer to 2 decimal places.) Debt to Equity Ratio
