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Brief Exercise 9-21 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 9-21 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 2021 Total assets $ 731 Total liabilities 626 Total stockholders' equity 105 2020 $722 528 194 Surf's Up Selected income statement data 2021 Sales revenue $ 799 Interest expense 20 Tax expense 42 Net income 64 Based on these amounts, calculate the following ratios for 2021: (Do not round intermediate calculations. Round all final answers to 1 decimal place. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Debt to Equity Ratio Return on Assets Ratio Times Interest Earned Ratio
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