! Required information [The following information applies to the questions displayed below.] 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 2.0. 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 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.) Debt to Equity Ratio Numerator/Denominator Amounts
! Required information [The following information applies to the questions displayed below.] 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 2.0. 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 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.) Debt to Equity Ratio Numerator/Denominator Amounts
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information
[The following information applies to the questions displayed below.]
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 2.0. 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 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.)
Debt to Equity Ratio
Numerator/Denominator
Amounts](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd1c8773d-3f1d-494c-b776-10604035d8d4%2Ff548a82d-b8f8-438f-a05e-3ccd21bc9d82%2Fpkn7loc_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions displayed below.]
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 2.0. 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 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.)
Debt to Equity Ratio
Numerator/Denominator
Amounts
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