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Selected financial data for Surf City and Paradise Falls are as follows: ($ in millions) Surf City Paradise Falls 2018 2017 2018 2017 Total assets

Selected financial data for Surf City and Paradise Falls are as follows:

($ in millions) Surf City Paradise Falls

2018 2017 2018 2017
Total assets $ 16,133 $ 14,922 $ 33,296 $ 34,121
Total liabilities 9,720 8,195 13,938 14,188
Total stockholders equity 6,413 6,727 19,358 19,933
Sales revenue $ 6,503 $ 14,616
Interest expense 318 408
Tax expense 44
Net income 568 2,324

1-a. Calculate the debt to equity ratio for Surf City and Paradise Falls for the most recent year. (Do not round intermediate calculations. Round ratios answers to 2 decimal places. Enter dollar answer in millions. (i.e., $5,500,000 should be entered as 5.5))

2-a. Calculate the return on assets for Surf City and Paradise Falls. (Round your 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 Surf City and Paradise Falls. (Round ratios answers to 1 decimal place. Enter dollar answer in millions. (i.e., $5,500,000 should be entered as 5.5))

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