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Selected financial data for Bahama Bay and Caribbean Key are as follows: (in million) Total assets Total liabilities Total stockholders' equity Bahama Bay 2021 2020

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Selected financial data for Bahama Bay and Caribbean Key are as follows: (in million) Total assets Total liabilities Total stockholders' equity Bahama Bay 2021 2020 $9,663 $9,582 8,062 7.526 1,601 2,056 Caribbean Key 2021 2020 $ 8,863 $8,902 7.503 7,493 1,360 1.409 Sales revenue Interest expense Tax expense Net Income $5,887 204 74 325 $12,059 159 348 358 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 your answer in millions[(i.e., $5,500,000 should be entered as 5.5).) Debt to Equity Ratio Stockholders' equity $ Total liabilities Bahama Bay $ 8,062 5.0 1,601 Caribbean Key Total liabilities Stockholders' equity $ 7,503 $ 5.5 1,360 1.b. Which company has the higher ratio? O Bahama Bay * Caribbean Key 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 your answer in milions (le, $5,500,000 should be entered as 5.5).) Return on Assets Ratio Average total assets Bahama Bay Net income Caribbean Key O Caribbean Key 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 your answer in millions. (le. $5,500,000 should be entered as 5.5).) Times Interest Lamed Ratio Bahama Bay Caribbean Kary 3-b. Which company is better able to meet interest payments as they become due? Bahama Bay Caribbean Key

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