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 assetsTotal liabilitiesTotal stockholders' equitySales revenueInterest expenseIncome tax expenseNet incomeReq 1AReq 1BBahama BayReq 2AComplete this question by entering your answers in the tabs below.Req 2BBahama BayRequired: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.2024$9,5838,0221,561$5,8472-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?Debt to Equity Ratio19270317Numerator/Denominator2023$9,5027,4862,016=Caribbean Key20232024$8,7837,4631,320$12,819Req 3A151344350Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. (Enter your answer in millions(i.e., $5,500,000 should be entered as 5.5).)Amounts$8,8227,4531,369Req 3B

ANSWER DEBT EQUITY RATIO = TOTAL LIABILITIES / STOCK HOLDERS EQUITY RETURN ON ASSET =…

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 Bahama Bay 2024 $9,583 8,022 1,561 $5,847 192 70 317 2023 $9,502 7,486 2,016 Caribbean Key 2023 2024 $8,783 7,463 1,320 $12,819 151 344 350 $8,822 7,453 1,369 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 intoroct garn

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 Bahama Bay 2024 $9,583 8,022 1,561 $5,847 192 70 317 2023 $9,502 7,486 2,016 Caribbean Key 2023 2024 $8,783 7,463 1,320 $12,819 151 344 350 $8,822 7,453 1,369 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 intoroct garn

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section17.4: Analyzing Financial Statements Using Financial Ratios

Problem 1WT

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