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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
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 | $743 | $734 |
Total liabilities | 620 | 522 |
Total stockholders equity | 123 | 212 |
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Surf's Up Selected income statement data | |
2018 | |
Sales revenue | $811 |
Interest expense | 19 |
Tax expense | 36 |
Net income | 58 |
Q: with the information provided above, what is: 1-What is the "debit to equity ratio"? 2- and what is the return on assets ratio? 3- times earned intreset ratio?
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