A company has the following selected data ($ in millions): 2021 2020 Balance sheet data Total assets Total liabilities Total stockholders' equity $3,100 $2,300 2,000 1,300 1,100 1,000 S 43 Income statement data Sales Interest expense Tax expense Net income 820 80 24 100 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 On January 1, Year 1, a company issues $410,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $450,576: 2. Record the bond issue on January 1, Year 1, and the first two semiannual interest payments on June 30, Yeart, and December 31 Year 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 2 3 1 Record the band issue Note Enter debits before credits Credit Date January 01 Debit 450,570 General Journal Cash Bonds Payable Premium on Bonds Payable 410,000 40,570 US VIUS on your Tovor Question 25 education.com/ext/map/index.html?_con con&external_browser=0&launchUrl=http%253A%252 III - chapters 7, 8/96 Sived [The following information applies to the questions displayed below.) On January 1, Year 1, a company issues $410,000 of 9% bonds, due in 20 years, with in June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $45 2. Record the bond issue on January 1, Year 1, and the first two semiannual interest payments Year 1. (If no entry is required for a particular transaction/event, select "No Journal Entry R your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet