-elected financial data for Surf City and Paradise Falls are as follows: ($ in millions) Total assets Total liabilities Total stockholders' equity Surf city 2021 2020 $16,453 $15,002 9,689 8, 235 6,773 6,767 Paradise Falls 2021 2020 $33,648 $34, 201 14,530 14,228 19,118 19,973 Sales revenue Interest expense Tax expense Net income $ 6,543 330 $14,656 416 48 2,332 576 Required: 1-a. Calculate the debt to equity ratio for Surf City and Paradise Falls for the most recent year (Do not round Intermediate calculations. Round ratios answers to 2 decimal places. Enter your answer in millions. (l.e., $5,500,000 should be ent Total liabilities Surf City Debt to Equity Ratio Stockholders' equity 9,680 6,773 $ 1.43 Paradise Falls Total liabilities 161,530 X Stockholders' equity 19,118 $ 0.76 -a. Calculate the return on assets for Surf City and Paradise Falls. (Do not round intermediate calculations. Round decimal places. Enter your answer in millions. (i.e., $5,500,000 should be entered as 5.5)) 3.66% Net income Return on Assets Ratio Average total assets 576,0 $ 1,572,750.0 Surf City $ 6.87% Net income Average total assets 3,393,450.0 x Paradise Falls s 2,332.0 3-a. Calculate the times interest earned ratio for Surf City and Paradise Falls. (Do not round intermediate calculation answers to 1 decimal places. Enter your answer in millions. (i.e., $5,500,000 should be entered as 5.5)) Times Interest Earned Ratio Net income + Interest + Interest Taxes 246 Surf City 0.8 $ 330 Interest Paradise Falls Net income + Interest + Taxes 1,874 6.5 > 410 X 3-b. Which company is better able to meet interest payments as they become due? Surf City Paradise Falls