Question
Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Bahama Bay Caribbean Key 2018 2017 2018 2017 Total assets
Selected financial data for Bahama Bay and Caribbean Key are as follows:
($ in millions) | Bahama Bay | Caribbean Key | ||||||
|
| |||||||
2018 | 2017 | 2018 | 2017 | |||||
Total assets | $ | 9,603 | $ | 9,522 | $ | 8,803 | $ | 8,842 |
Total liabilities | 8,032 | 7,496 | 7,473 | 7,463 | ||||
Total stockholders equity | 1,571 | 2,026 | 1,330 | 1,379 | ||||
Sales revenue | $ | 5,857 | $ | 12,829 | ||||
Interest expense | 195 | 153 | ||||||
Tax expense | 71 | 345 | ||||||
Net income | 319 | 352 |
Required:
1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. (Do not round intermediate calculations. Round ratios answers to 1 decimal place. Enter dollar answer in millions. (i.e., $5,500,000 should be entered as 5.5).)
2-a. Calculate the return on assets for Bahama Bay and Caribbean Key. (Do not round intermediate calculations. Round ratios answers to 1 decimal place. Enter dollar answer in millions. (i.e., $5,500,000 should be entered as 5.5).)
3-a. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key. (Do not round intermediate calculations. Round ratios answers to 1 decimal place. Enter dollar answer in millions. (i.e., $5,500,000 should be entered as 5.5).)
Debt to Equity Ratio Bahama Bay Caribbean Key Return on Assets Ratio Bahama Bay Caribbean Key Times Interest Earned Ratio Bahama Bay Caribbean Key
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started