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Required information (The following information applies to the questions displayed below.] Thrillville has $39.8 million in bonds payable. One of the contractual agreements in the
Required information (The following information applies to the questions displayed below.] Thrillville has $39.8 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 $79.8 million, and its liabilities other than the bonds payable are $9.8 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. (i.e., $5,500,000 should be entered as 5.5).) Stockholders' Equity Required information (The following information applies to the questions displayed below.) Thrillville has $39.8 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 $79.8 million, and its liabilities other than the bonds payable are $9.8 million. The company is considering some additional financing through leasing. 2. 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 Required information [The following information applies to the questions displayed below.] Thrillville has $39.8 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 $79.8 million, and its liabilities other than the bonds payable are $9.8 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 $14.8 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
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