Selected financial data for Bahama Bay and Caribbean Key are as follows: Required: 1. Calculate the debt
Question:
Required:
1. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. Which company has the higher 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?
Transcribed Image Text:
($ in millions) Bahama Bay Caribbean Key 2018 2017 2018 2017 $8,861 $9,560 $7,640 $7,507 Total assets Total liabilities Total stockholders' equity Sales revenue Interest expense Tax expense Net income 5,7246,606 2,819 2,689 3,1372,954 4,821 4,818 $6,321 170 148 562 $3,949 70 8
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Related Book For
Financial Accounting
ISBN: 978-1259307959
4th edition
Authors: David Spiceland, Wayne Thomas, Don Herrmann
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