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[The following information applies to the questions displayed below.) Thrillville has $40.9 million in bonds payable. One of the contractual agreements in the bond is
[The following information applies to the questions displayed below.) Thrillville has $40.9 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 $80.9 million, and its liabilities other than the bonds payable are $10.9 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).) Answer is not complete. Stockholders' Equity Liabilities 50.0 % Assets 80.0 $30.0 (The following information applies to the questions displayed below.) Thrillville has $40.9 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 $80.9 million, and its liabilities other than the bonds payable are $10.9 million. The company is considering some additional financing through leasing, 2. Calculate the debt to equity ratio (Enter your answer in millions rounded to 1 decimal place. (i.e. $5,500,000 should be entered as 5.5) Total liabilities 51.8 Debt to Equity Ratio Stockholders' equity 29.1 1.78 Thrillville has $40.9 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 $80.9 million, and its liabilities other than the bonds payable are $10.9 million. 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? Yes No 4-6. Determine your answer by calculating the debt to equity ratio after recording the lease. (Enter your answer in millions. (l.e.. $5,000,000 should be entered as 5.5). Round ratio answer to 2 decimal places.) Answer is not complete. Total liabilities 13 Debt to Equity Ratio Stockholders' equity 22 52 % 1.783
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