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Two online travel companies, E-Travel and Pricecheck, provide the following selected financial data: ($ in thousands) E-Travel Pricecheck Total assets $ 5,937,156 $ 1,834,224 Total
Two online travel companies, E-Travel and Pricecheck, provide the following selected financial data:
($ in thousands) | E-Travel | Pricecheck | ||
Total assets | $ | 5,937,156 | $ | 1,834,224 |
Total liabilities | 3,254,475 | 476,610 | ||
Total stockholders equity | 2,682,681 | 1,357,614 | ||
Sales revenue | $ | 2,955,426 | $ | 2,338,212 |
Interest expense | 84,233 | 24,084 | ||
Tax expense | 154,400 | 47,168 | ||
Net income | 299,526 | 489,472 | ||
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Required: 1-a. Calculate the debt to equity ratio for E-Travel and Pricecheck. (Enter dollar answers using amounts given in thousands of dollars and round ratios to 2 decimal places.)
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