Problem 9-7B Calculate and analyze ratios (LO9-8) Selected financial data for Surf City and Paradise Falls are as follows (5 in millions) Surf City Paradise Falls 2018 20172018 S 16,123 $ 14,902 $ 33,136 $ 34,101 017 Total assets Total liabilities Total stockholders' equity 9,740 8,185 13,758 14,178 6,383 6,717 19,37819,923 Sales revenue Interest expense Tax expense Net income $ 6,493 $ 14,606 406 43 2,322 315 566 Required 1-a. Calculate the debt to equity ratio for Surf City and Paradise Falls for the most recent year. (Do not round intermediate calculations. Round ratios answers to 2 decimal places. Enter dollar answer in millions. (i.e., $5,500,000 should be entered as 5.5) Debt to Equity Ratio Surf City Paradise Falls 1-b. Which company has the higher ratio? O Surf City O Paradise Falls ulate the return on assets for Surf City and Paradise Falls. (Round your answers to 1 decimal place. Enter dollar answer in millions. (i.e., $5,500,000 should be entered as 5.5) Return on Assets Ratio Surf City Paradise Falls 2-b. Which company appears more profitable? O Surf City Paradise Falls 3-a. Calculate the times interest earned ratio for Surf City and Paradise Falls. (Round ratios answers to 1 decimal place. Enter dollar answer in millions. (i.e., $5,500,000 should be entered as 5.5) Times Interest Earned Ratio Surf City Paradise Falls 3-b. Which company is better able to meet interest payments as they become due? O Surf City Paradise Falls References eBook & Resources Worksheet Difficulty 3 Hard Problem 9-7B Calculate and analyze ratios (LOS- using long-term liability Leaming Objective: 09-08 Make financial decisions 8) ratios