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Total stockholders' equity Selected financial data for Bahama Bay and Caribbean Key are as follows: (5 in millions) Total assets Total liabilities Caribbean Key 2021

Total stockholders' equity Selected financial data for Bahama Bay and Caribbean Key are as follows: (5 in millions) Total assets Total liabilities Caribbean Key 2021 2020 $ 8,903 $8,942 7,513 7,523 1,380 1,429 Bahama Bay 2021 2020 $9,703 $9,622 8,082 7,546 1,621 2,076 Sales revenue $5,907. $12,879 Interest expense Tax expense Net income 210 76 329 163 350 362 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 Bahama Bay $ 8,082 $ 5.0 1,621 5.5 Caribbean Key $ 7,523 1,380 $ 1-b. Which company has the higher ratio? 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 millions. (i.e., $5,500,000 should be entered as 5.5).) Return on Assets Ratio Net income Average total assets Bahama Bay 3.4% $ 329 9,662.5 Net income Average total assets Caribbean Key 4.1% $ 362 $ 8,922.5

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