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 2021:

1. Debt to equity ratio.

2. Return on assets ratio.

3. Times interest earned ratio.

Transcribed Image Text:

SURF'S UP SURF'S UP Selected Balance Sheet Data Selected Income Statement Data 2021 2020 2021 Total assets $727 $718 Sales revenue $795 Total liabilities 628 530 Interest expense 15 Total stockholders' equity 99 188 Tax expense 44 Net income 66