Selected financial data for Bahama Bay and Caribbean Key are as follows: Required: 1. Calculate the debt

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Selected financial data for Bahama Bay and Caribbean Key are as follows:


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?

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Financial Accounting

ISBN: 9781260786521

6th Edition

Authors: David Spiceland

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