Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Bahama...
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Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Bahama Bay Caribbean Key 2024 2023 2024 2023 Total assets $8,861 $9,560 $7,640 $7,507 Total liabilities 5,724 6,606 2,819 2,689 Total stockholders' equity 3,137 2,954 4,821 4,818 Sales revenue $6,321 $3,949 Interest expense 170 70 Income tax expense 148 8 Net income 562 88 Required: 1. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. Which company has the higher page 485 ratio? 2. Calculate the return on assets for Bahama Bay and Caribbean Key. Which company appears more profitable? 3. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key. Which company is better able to meet interest payments as they become due? Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Bahama Bay Caribbean Key 2024 2023 2024 2023 Total assets $8,861 $9,560 $7,640 $7,507 Total liabilities 5,724 6,606 2,819 2,689 Total stockholders' equity 3,137 2,954 4,821 4,818 Sales revenue $6,321 $3,949 Interest expense 170 70 Income tax expense 148 8 Net income 562 88 Required: 1. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. Which company has the higher page 485 ratio? 2. Calculate the return on assets for Bahama Bay and Caribbean Key. Which company appears more profitable? 3. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key. Which company is better able to meet interest payments as they become due?
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