Problem $9-9$A $($Algo$)$ Calculate and analyze ratios $($LO$9-8)$

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

$$

$($$ in millions$)$Bahama BayCaribbean Key$2024202320242023$Total assets$$9,883$$$9,802$$$9,083$$$9,122$Total liabilities$8,1727,6367,6137,603$Total stockholders$$ equity$1,7112,1661,4701,519$Sales revenue$$5,997$$$12,969$Interest expense$237181$Income tax expense$85359$Net income$347380$

Required:

$1-$a$.$ Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year.

$1-$b$.$ Which company has the higher ratio?

$2-$a$.$ Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year.

$2-$b$.$ Which company appears more profitable?

$3-$a$.$ Calculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year.

$3-$b$.$ Which company is better able to meet interest payments as they become due?