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A company has the following selected data ($ in millions): 2021 2020 Balance sheet data Total assets $2,900 Total liabilities 1,650 $2,250 1,450 Total
A company has the following selected data ($ in millions): 2021 2020 Balance sheet data Total assets $2,900 Total liabilities 1,650 $2,250 1,450 Total stockholders' equity 1,250 800 Income statement data Sales Interest expense Tax expense Net income $ 730 50 26 85 Based on these amounts, calculate the following ratios for the company in 2021: (Round your answers to 2 decimal places.) 1. Debt to equity ratio 2. Return on assets ratio % 3. Times interest earned ratio times
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