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19 10 points eBook Surf's Up, a manufacturer of surfing supplies and training equipment, has the following selected data ($ in millions): Surf's Up Selected
19 10 points eBook Surf's Up, a manufacturer of surfing supplies and training equipment, has the following selected data ($ in millions): Surf's Up Selected Balance Sheet Data Total assets Total liabilities Total stockholders' equity Surf's Up Selected Income Statement Data Sales revenue Interest expense Income tax expense Net income Numerator 2024 $743 616 127 Total Liabilities Total Stockholders' Equity 2024 $811 Based on these amounts, calculate the following ratios for 2024: (Do not round intermediate calculations. Round all final answers to 1 decimal place. Enter your answer in millions (i.e. 5,500,000 should be entered as 5.5).) 19 32 54 Debt to Equity Ratio Denominator Numerator + Denominator Net Income Average Total Assets Return on Assets Ratio Times Interest Earned Ratio 2023 $734 518 216 Numerator + Denominator Net Income + Interest Expense + Income Tax Expense Interest Expense Amounts $ 616.0 $ 127.0 Amounts $ 54.0 $ 734.5 Amounts $ 105.0 $ 19.0 4.9 7.4% 5.5
The only number thst is wrong is the Return on assets ratio. It says tbat 734.5 is incorrect.
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