Question: Problem 9-8A Calculate and analyze ratios (LO9-8) Selected financial data for Bahama Bay and Caribbean Key are as follows: Required: 1-a. Calculate the debt to





Problem 9-8A Calculate and analyze ratios (LO9-8) Selected financial data for Bahama Bay and Caribbean Key are as follows: Required: 1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. (Do not round intermediate calculations. Round ratios answers to 1 decimal place. Enter your answer in millions. ( (.e., $5,500,000 should be entered as 5.5) ). 1-b. Which company has the higher ratio? Bahama Bay Caribbean Key 2-a. Calculate the return on assets for Bahama Bay and Caribbean Key. (Do not round intermediate calculations. Round ratios answers to 1 decimal place. Enter your answer in millions. (i.e., $5,500,000 should be entered as 5.5).) 2-b. Which company appears more profitable? Bahama Bay Caribbean Key 3-a. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key. (Do not round intermediate calculations. Round ratios answers to 1 decimal place. Enter your answer in millions. (i.e., $5,500,000 should be entered as 5.5).) 3-b. Which company is better able to meet interest payments as they become due? Bahama Bay Caribbean Key
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