Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Return to question Two online travel companies, E-Travel and Pricecheck, provide the following selected financial data: ($ in thousands) Total assets Total liabilities Total stockholders'

image text in transcribed
image text in transcribed
image text in transcribed
Return to question 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 $5,337, 156 2,854,475 2,482,681 Pricecheck $1,730,224 472,610 1,257,614 points Sales revenue Interest expense Tax expense Net income $2,755,426 80,233 146,400 291,526 $2.138.212 20.084 43,168 481,472 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 2,854,475 2,482,681 E-Travel 3 1.14 5. 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 2,854 475 $ 2,482,681 E-Travel Debt to Equity Ratio Total abilities Total stockholders' equity 472.610 1.257,614 Pricecheck Return to question Pricecheck 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.) points Answer is not complete. Times Interest Earned Ratio Net income + Interest expense Tax expenso Interest expense 518,189 X E-Travel 80,233 Times Interest Earned Ratio Nel income interest interest expense expense Tax expense 544,724 Pricecheck 20,004

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_step_2

Step: 3

blur-text-image_step3

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

More Books

Students also viewed these Accounting questions

Question

How are passive investments classified for accounting purposes?

Answered: 1 week ago