Required information [The following information applies to the questions displayed below) Thriliville 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. Thriliville'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 (4.e., \$5,500,000 should be entered as 5.5).) 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. 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 places. Do not round intermediate calculations.) [The following information applies to the questions displayed below.] Thrilivilie 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. Thrilville's total assets are $80 million, and its kabalities other than the bonds payable are $10 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 $15,0 million. Record the lease. (If no entry is required for a particular transaction/event, select 'No Journal Entry Required" in the first account field. Einter your answer in millions (L.e.. $5,500,000 should be entered as 5.5 ) rounded to 1 decimal place.) Journal entry worksheet The company enters a lease agreement requiring lease payments with a present value of $15.0 milition. Record the lease. Note Enter teben tefore credits: 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. The company enters a lease agreement requiring lease payments with a present value of $15.0 million. 4-a. Will entering into the lease cause the debt to equity ratio to be in violation of the contractual agreement in the bond? 4-b. Determine your answer by calculating the debt to equity ratio after recording the lease. B Answer is not complete. Complete this question by entering your answers in the tabs below. The company enters a lease agreement requiring lease payments with a present value of $15.0 million. Determine your answer by calculating the debt to equity ratio after recording the lease. (Enter your answers in mililions (i.e. 55,500,000 should be entered as 5.5) rounded to 1 decimal place. Round ratio answer to 2 decimal places.)
