Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Two online travel companies, E-Travel and Pricecheck, provide the following selected financial data: ($ in thousands) Total assets Total liabilities Total stockholders' equity Sales

image text in transcribedimage text in transcribedimage text in transcribed

Two online travel companies, E-Travel and Pricecheck, provide the following selected financial data: ($ in thousands) Total assets Total liabilities Total stockholders' equity Sales revenue Interest expense Tax expense Net income E-Travel Pricecheck $ 6,987,156 $2,016,224 3,954,475 483,610 3,032,681 1,532,614 $3,305,426 $2,688,212 91,233 168,400 31,084 54,168 313,526 503,472 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.) Debt to Equity Ratio Total liabilities Stockholders' equity E-Travel 1.30 $ 3,954,475 3,032,681 Debt to Equity Ratio Total liabilities Stockholders' equity Pricecheck 0.32 $ 483,610 $ 1,532,614

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Debra Jeter, Paul Chaney

6th edition

978-1118742945, 111874294X, 978-1119045946, 1119045940, 978-1119119364

More Books

Students also viewed these Accounting questions

Question

{n+12n1} check is it Bounded Monotone Convergent

Answered: 1 week ago