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Selected financial data for Surf City and Paradise Falls are as follows: Required: 1-a. Calculate the debt to equity ratio for Surf Clity and Paradise Falls for the most recent year. 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Surf City and Paradise Falls for the most recent year. 2-b. Which company appears more profitable? 3-a. Calculate the times interest earned ratio for Surf City and Paradise Falls for the most recent year. 3-b. Which company is better able to meet interest payments as they become due? Complete this question by entering your answers in the tabs below. Calculate the debt to equity ratio for Surf City and Paradise Falls for the most recent year. (Enter your answers in millions (i.e., $5,500,000 should be entered as 5.5).) Selected financial data for Surf City and Paradise Falls are as follows: Required: 1-a. Calculate the debt to equity ratio for Surf City and Paradise Falls for the most recent year. 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Surf City and Paradise Falls for the most recent year. 2-b. Which company appears more profitable? 3-a. Calculate the times interest earned ratio for Surf City and Paradise Falls for the most recent year. 3-b. Which company is better able to meet interest payments as they become due? Complete this question by entering your answers in the tabs below. Calculate the return on assets for Surf City and Paradise Falls for the most recent year. (Enter your answers in millions (t.e., $5,500,000 should be entered as 5.5 ).) Selected financial data for Surf City and Paradise Falls are as follows: Required: 1-a. Calculate the debt to equity ratio for Surf City and Paradise Falls for the most recent year. 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Surf City and Paradise Falls for the most recent year. 2-b. Which company appears more profitable? 3-a. Calculate the times interest earned ratio for Surf City and Paradise Falis for the most recent year. 3-b. Which company is better able to meet interest payments as they become due? Complete this question by entering your answers in the tabs below. Calculate the times interest earned ratio for Surf City and Paradise Falls for the most recent year. (Enter your answers in millions (i.e., $5,500,000 should be entered as 5.5 ).)
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