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7. Award: 0.17 out of 0.62 points Brief Exercise 9-18 Calculate ratios (LO9-8) Surf's Up, a manufacturer of surfing supplies and training equipment, has
7. Award: 0.17 out of 0.62 points Brief Exercise 9-18 Calculate ratios (LO9-8) 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 2018 2017 Total assets $741 $732 Total liabilities 615 517 Total stockholders' equity 126 215 Surf's Up Selected income statement data Sales revenue Interest expense Tax expense Net income 2018 $809 20 31 53 M Assignment Results You did n Based on these amounts, calculate the following ratios for 2018: (Do not round intermediate calculations. Round all final answers to 1 decimal place. Enm entered as 5.5).) Total liabilities 615.0 Net income 53.0 Debt to Equity Ratio Stockholders' equity 126.00 Return on Assets Ratio Average total assets "
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