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Selected financial data for Bahama Bay and Caribbean Key are as follows: table [ [ , Bahama,Bay,Caribbean Key ] , [ ( $ in
Selected financial data for Bahama Bay and Caribbean Key are as follows:
tableBahama,Bay,Caribbean Key$ in millionsTotal assets,$$$$Total liabilities,Total stockholders' equity,Sales revenue,$$Interest expense,Income tax expense,Net income,
Required:
a Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year.
b Which company has the higher ratio?
a Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year.
b Which company appears more profitable?
a Calculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year.
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 A
Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. Enter your answer in millions ie $ should be entered as
Debt to Equity Ratio
NumeratorDenominator
Amounts
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