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Thrillville has $39.3 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 20.

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Thrillville has $39.3 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 20. Thrillville's total assets are $79.3 million, and its liabilities other than the bonds payable are $9.3 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 en as 5.5) Debt to Equity Ratio

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