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Selected financial data for Surf City and Paradise Falls are as follows: Required: 1-a. Calculate the debt to equity ratio for Surf City and Paradise
Selected financial data for Surf City and Paradise Falls are as follows: Required: 1-a. Calculate the debt to equity ratio for Surf City and Paradise Falls for the most recent year: 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Surf City and Paradise Falls for the most recent year. 2-b. Which company appears more profitable? 3-a. Calculate the times interest earned ratio for Surf City and Paradise Falls 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. Calcu Req 1A ot to equity ratio for Surf City and Paradise Falls for the most recent year. (Enter your answers in miltions (i.e., \$5,500,000 should be entered as 5.5).) Complete this question by entering your answers in the tabs below. Which company has the higher ratio? Calculate the return on assets for Surf City and Paradise Falls for the most recent year. (Enter your answers in million $5,500,000 should be entered as 5.5 ), rounded to 1 decimal place.) Complete this question by entering your answers in the tabs below. Which company appears more profitable? Complete this question by entering your answers in the tabs below. Calculate the times interest earned ratio for Surf City and Paradise Falls for the most recent year. (Enter your ans millions (i.e., $5,500,000 should be entered as 5.5).) Complete this question by entering your answers in the tabs below. Which company is better able to meet interest payments as they become due? Which company is betfer able to meet interest payments as thay become due
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