Business, 09.12.2019 23:31 angrybirdsryver

Thrillville has $39.5 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 $80.7 million, and its liabilities other than the bonds payable are $10.7 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.
2. calculate the debt to equity ratio. (enter your answer in millions. (i. e., $5,500,000 should be entered as 5.5). round ratio answer to 2 decimal places.)
3. the company enters a lease agreement requiring lease payments with a present value of $15.7 million. record the lease. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field. enter your answer in millions (i. e., $5,500,000 should be entered as 5.

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Thrillville has $39.5 million in bonds payable. one of the contractual agreements in the bond is tha...

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