Surfs Up, a manufacturer of surfing supplies and training equipment, has the following selected data ($ in
Question:
Surf’s Up, a manufacturer of surfing supplies and training equipment, has the following selected data ($ in millions):
Based on these amounts, calculate the following ratios for 2024:
1. Debt to equity ratio.
2. Return on assets ratio.
3. Times interest earned ratio.
Transcribed Image Text:
SURF'S UP Selected Balance Sheet Data Total assets Total liabilities Total stockholders' equity 2024 2023 $727 $718 628 530 99 188 SURF'S UP Selected Income Statement Data 2024 $795 15 44 66 Sales revenue Interest expense Income tax expense Net income
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