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Western World has the following selected data ($ in millions): 2021 2020 Balance sheet data Total assets Total liabilities Total stockholders' equity $2,511 1,685 826
Western World has the following selected data ($ in millions): 2021 2020 Balance sheet data Total assets Total liabilities Total stockholders' equity $2,511 1,685 826 $2,315 1,525 790 $ Income statement data Sales Interest expense Tax expense Net income 786 77 32 80 Based on these amounts, calculate the following ratios for Western World in 2021: (Round your answers to 2 decimal places.) 1. Debt to equity ratio 2. Return on assets ratio 3. Times interest eamed ratio % times
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