Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 9-20A Calculate and analyze ratios (L09-8) Two online travel companies, E-Travel and Pricecheck, provide the following selected financial data: ($ in thousands) Total assets

image text in transcribed
image text in transcribed
Exercise 9-20A Calculate and analyze ratios (L09-8) Two online travel companies, E-Travel and Pricecheck, provide the following selected financial data: ($ in thousands) Total assets Total liabilities Total stockholders' equity E-Travel $6,537, 156 3,654,475 2,882,681 Pricecheck $1,938,224 480, 610 1,457,614 Sales revenue Interest expense Tax expense Net income $3,155,426 88,233 162,400 307,526 $2,538,212 28.084 51,168 497, 472 Required: 1-a. Calculate the debt to equity ratio for E-Travel and Pricecheck. (Enter dollar answers in thousands of dollars and round ratios to 2 decimal places.) Answer is not complete. Debt to Equity Ratio Total liabilities Total stockholders' equity 3,654 475 $ 6,537,156 E-Travel 0.56 $ Debt to Equity Ratio Total liabilities Total stockholders' equity 480,610 1,938,224 Pricecheck 0.25% 2-a. Calculate the times interest earned ratio for E-Travel and Pricecheck. (Enter dollar answers in thousands of dollars and round ratios to 1 decimal place.) Answer is not complete. Times Interest Earned Ratio Net income + Interest expense + Tax expense Interest expense 558,159 88.233 E-Travel 63 Times Interest Earned Ratio Net income + Interest Interest expense expense + Tax expense 576,664 Pricecheck 20.5 28.084

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Energy Audit Of Building Systems An Engineering Approach

Authors: Moncef Krarti

2nd Edition

1439828717, 978-1439828717

More Books

Students also viewed these Accounting questions

Question

What is the scope of the intervention (e.g., all diverse groups)?

Answered: 1 week ago