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Required information (The following information applies to the questions displayed below) Thrillville has $40.1 million in bonds payable. One of the contractual agreements in the
Required information (The following information applies to the questions displayed below) Thrillville has $40.1 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 $80.1 million, and its liabilities other than the bonds payable are $10.1 million The company is considering some additional financing through leasing. 2. Calculate the debt to equlty ratio (Enter your answer in millions rounded to 1 decimal place. (l.e., $5,500,000 should be entered as 5.5) Debt to Equity Ratio Stockholders' equity Total liabilities O Required information (The following information applies to the questions displayed below) Thrillville has $40.1 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 $80.1 million, and its liabilities other than the bonds payable are $10.1 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 $15.1 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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