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 2015:
1. Debt to equity ratio.
2. Return on assets ratio.
3. Return on equity ratio.
4. Times interest earned ratio.
Why is the return on equity higher than the return onassets?


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  • CreatedJuly 15, 2014
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