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Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Bahama Bay 2024 Caribbean Key 2023 2024 2023 Total
Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Bahama Bay 2024 Caribbean Key 2023 2024 2023 Total assets $9,823 $9,742 $9,023 $9,062 Total liabilities 8,142 7,606 7,583 7,573 Total stockholders' equity 1,681 2,136 1,440 1,489 Sales revenue $5,967 $12,939 Interest expense 228 175 Income tax expense 82 356 Net income 341 374 Required: 1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year. 2-b. Which company appears more profitable? 3-a. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year. 3-b. Which company is better able to meet interest payments as they become due? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2A Req 2B Req 3A Req 3B Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recenty year. (Enter your answer in millions (l.e., $5,500,000 should be entered as 5.5).) Debt to Equity Ratio Numerator/Denominator Amounts
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