Problem 9-9A (Algo) Calculate and analyze ratios (LO9-8) Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Total assets Total liabilities Total stockholders' equity Sales revenue Interest expense Income tax expense Net income Req 1A Reg 1B Bahama Bay Req 2A 2024 $9,683 8,072 1,611 $5,897 Req 2B 207 75 327 Complete this question by entering your answers in the tabs below. 2023 $9,602 7,536 2,066 Required: 1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year. 2-b. Which company appears more profitable? 3-a. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year. 3-b. Which company is better able to meet interest payments as they become due? Caribbean Key 2023 2024 $8,883 7,513 1,370 $12,869 Req 3A 161 349 360 $8,922 7,503 1,419 Req 3B

Problem 9-9A (Algo) Calculate and analyze ratios (LO9-8) Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Total assets Total liabilities Total stockholders' equity Sales revenue Interest expense Income tax expense Net income Req 1A Reg 1B Bahama Bay Req 2A 2024 $9,683 8,072 1,611 $5,897 Req 2B 207 75 327 Complete this question by entering your answers in the tabs below. 2023 $9,602 7,536 2,066 Required: 1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year. 2-b. Which company appears more profitable? 3-a. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year. 3-b. Which company is better able to meet interest payments as they become due? Caribbean Key 2023 2024 $8,883 7,513 1,370 $12,869 Req 3A 161 349 360 $8,922 7,503 1,419 Req 3B

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 49E

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