Required information [The following information applies to the questions displayed below.] Chunky Cheese Pizza has $61.8 million in bonds payable. The bond agreement states that the debt to equity ratio cannot exceed 3.21. Chunky's total assets are $201.8 million, and its liabilities other than the bonds payable are $91.8 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). Do not round intermediate calculations and round answers to 1 decimal place.) Debt to Equity Ratio Numerator/Denominator Amounts

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Required information
[The following information applies to the questions displayed below.]
Chunky Cheese Pizza has $61.8 million in bonds payable. The bond agreement states that the debt to equity ratio cannot
exceed 3.21. Chunky's total assets are $201.8 million, and its liabilities other than the bonds payable are $91.8 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). Do not round
intermediate calculations and round answers to 1 decimal place.)
Debt to Equity Ratio
Numerator/Denominator
Amounts
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] Chunky Cheese Pizza has $61.8 million in bonds payable. The bond agreement states that the debt to equity ratio cannot exceed 3.21. Chunky's total assets are $201.8 million, and its liabilities other than the bonds payable are $91.8 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). Do not round intermediate calculations and round answers to 1 decimal place.) Debt to Equity Ratio Numerator/Denominator Amounts
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